Business
Completion of Director Placing
Completion of Director Placing.
About this update from Cerillion Plc
[{"type":"text","content":"\n \nRNS Number : 3627G Cerillion PLC 26 May 2017 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL (\"RESTRICTED JURISDICTIONS\").\nPLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT \nThis announcement contains inside information within the meaning of the EU Market Abuse Regulation 596/2014. \n26 May 2017\n \nCerillion plc\n(\"Cerillion\" or \"the Company\" or \"the Group\")\n \nCompletion of Director Placing\n \nCerillion, the billing, charging and customer relationship management (\"CRM\") software solutions provider, announces that, further to the announcement of 25 May 2017 regarding a proposed placing of ordinary shares by Louis Hall, Guy O'Connor, and Oliver Gilchrist, (together the \"Executive Directors\"), it has been notified by the Executive Directors that they have successfully placed a total of 4,200,000 ordinary shares in the Company (\"Placing Shares\") at a price of at 120 pence per share (the \"Placing\") with a number of new and certain existing institutional shareholders. \n \nShore Capital Stockbrokers Limited acted as Sole Bookrunner to the Placing, which was oversubscribed.\n \nFollowing the Placing, the revised shareholdings of the Executive Directors are set out below:\n \n\n\n\n\n\n\n\nShareholding prior to the Placing\n\n\nPlacing Shares sold\n\n\nResultant shareholding\n\n\n\n\nNumber of ordinary shares\n\n\n% of Share Capital\n\n\nNumber of ordinary shares\n\n\n% of Share Capital\n\n\nNumber of ordinary shares\n\n\n% of Share Capital\n\n\n\n\nLouis Hall\n\n\n12,087,709*\n\n\n40.96%\n\n\n3,100,000\n\n\n10.5%\n\n\n8,987,709\n\n\n30.45%\n\n\n\n\nGuy O'Connor\n\n\n3,241,221\n\n\n10.98%\n\n\n849,368\n\n\n2.9%\n\n\n2,391,853\n\n\n8.10%\n\n\n\n\nOliver Gilchrist\n\n\n956,422\n\n\n3.24%\n\n\n250,632\n\n\n0.8%\n\n\n705,790\n\n\n2.39%\n\n\n\n\n \n* Includes 3,346,887 Ordinary Shares held by Affinity Trust Limited (a trust in which Louis Hall is a beneficiary)\nFor further enquiries, please contact: \n \n\n\n\n\nCerill...