Last checked at 3 Sep 2020 11:11
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Share purchase for Long-Term Incentive Plan
Cerillion, the billing, charging and customer relationship management software solutions provider, announces that the Company yesterday purchased 125,000 shares of 0.5 pence each in the Company ("Ordinary Shares") at a price of 300 pence per share. The shares will be held in treasury in order to satisfy the purchase of shares by members of the Company's senior management team, pursuant to the Long-Term Incentive Plan ("LTIP"), details of which were announced on 19 September 2017.
The options are exercisable at the nominal value of the ordinary shares three years from the date of the grant, being 19 September 2017, subject to the achievement of targets for compound annual growth in the share price of the Company over this vesting period.
Following this purchase, a total of 125,012 Ordinary Shares, representing 0.42 per cent of the voting rights attributable to the total Ordinary Shares in issue prior to the purchase, are held in treasury.
For further information please contact:
Cerillion plc | c/o KTZ Communications |
Louis Hall, CEO | T: 020 3178 6378 |
Oliver Gilchrist, CFO |
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Liberum (Nomad and Broker) | T: 020 3100 2000 |
Bidhi Bhoma, Euan Brown, William Hall |
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KTZ Communications | T: 020 3178 6378 |
Katie Tzouliadis, Dan Mahoney |
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About Cerillion
www.cerillion.com
Cerillion is a leading provider of mission critical software for billing, charging and customer relationship management ("CRM"), mainly serving the telecommunications market but also other sectors such as utilities and financial services. The Company currently has over 90 customer installations across over 40 countries.
Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami and Sydney.