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  5. Cerillion Co-Founder And CFO Plan To Sell Up To 2.7 Million Shares

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Share Price Information for Cerillion (CER)

London Stock Exchange
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Share Price: 1,550.00
Bid: 1,530.00
Ask: 1,570.00
Change: 20.00 (1.32%)
Spread: 40.00 (2.614%)
Open: 1,520.00
High: 1,540.00
Low: 1,530.00
Prev. Close: 1,520.00
CER Live PriceLast checked at -

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Cerillion Co-Founder And CFO Plan To Sell Up To 2.7 Million Shares

Mon, 08th Jun 2020 17:36

(Alliance News) - Cerillion PLC on Monday said co-founder Guy O'Connor and Chief Financial Officer Oliver Gilchrist plan to sell shares in the company in response to investor demand.

O'Connor, currently director strategic accounts at Cerillion, intends to sell up to 2.4 million shares and Gilchrist up to 352,895 shares. The placing will be priced at 255 pence each, a 20% discount to Monday's closing price of 319.00p.

In total, the shares represent 9.3% of the billing and customer relations management software firm's issued share capital

The placing will be conducted via an accelerated bookbuild to qualified institutional investors. Liberum is acting as sole bookrunner.

If all the placing shares are sold, O'Connor will no longer hold any shares in the company and Gilchrist will retain a 1.2% stake.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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