Cerillion PLC Share Purchase for Long-Term Incentive Plan (6286S)
18 March 2021 - 4:47AM
UK Regulatory
TIDMCER
RNS Number : 6286S
Cerillion PLC
17 March 2021
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
today purchased 125,000 shares of 0.5 pence each in the Company
("Ordinary Shares") at a price of 410 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 and six months 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 the
original three-year 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
Liberum (Nomad and Broker) T: 020 3100 2000
Bidhi Bhoma, Euan Brown, William Hall
KTZ Communications T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
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.
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