Business
First Day of Dealings on AIM
First Day of Dealings on AIM.
About this update from Cerillion Plc
[{"type":"text","content":"\n \nRNS Number : 4907S Cerillion PLC 18 March 2016 \n\n \n \nAIM: CER\n \nCerillion plc\n(\"Cerillion\" or \"the Company\" or \"the Group\")\n \nFirst Day of Dealings on AIM\n \nCerillion plc, the billing, charging and customer relationship management (\"CRM\") software solutions provider, is pleased to announce that admission and trading of its Ordinary Shares commences today on AIM, with the ticker CER.\n \nThe Company's market capitalisation, based on a Placing Price of 76p per share at Admission, is approximately £22.4 million. Shore Capital is the Company's Nominated Advisor and sole broker.\n \nEstablished in 1999 following a management buyout from Logica plc, Cerillion develops, installs and supports billing, charging and CRM solutions, predominantly to the telecommunications market. The business has a global customer base, across 40 countries and its customers include Cable & Wireless, KDDI and MTN.\n \nKEY POINTS\n \nCerillion is a leading provider of mission critical software for billing, charging and CRM\n· 16 year track record in providing comprehensive billing and customer management solutions\n· Product suite is advanced, functionally rich and fully integrated\n· Principally serves the telecoms market but also utilities and financial services\n· 75 customer installations across 40 countries\n \nHighly experienced management team\n· CEO, Louis Hall, led MBO from Logica plc in 1999\n· Headquartered in London, with 164 staff in total, including 79 in Pune, India\n \nTrack record of profitable growth and strong cash generation\n· FY 30 Sept 2015: revenues of £14.0m, EBITDA of £2.9m and PBT of £2.1m\n· £8.5m cash generated over the last seven years\n· Company intends to declare a maiden interim dividend and pay out between a third to half of the Group's free cash flow as dividends each year\n \nClear growth strategy in markets which are expanding\n· Continued expansion within core telecoms market\n· Planned expansion in new geographies, initially US and Australia\n· L...