Business
Result of Director Placing
Result of Director Placing.
About this update from Cerillion Plc
[{"type":"text","content":"\n \n \n RNS Number : 3180P\n Cerillion PLC\n 08 June 2020\n \n \n \n \n 8 June 2020\n \n \n AIM: CER\n \n \n Cerillion plc\n \n \n (\"Cerillion\" or \"the Company\")\n \n \n Result of Director Placing and Director/PDMR Dealings\n \n \n Cerillion announces that further to the announcement earlier today, Guy O'Connor and Oliver Gilchrist, (together the \"Executive Directors\") have sold in aggregate 2,744,748 ordinary shares of 0.5 pence each in the Company (\"Placing Shares\") at a price of 255 pence per share to certain new and existing institutional shareholders (the \"Placing\"). The Placing Shares, represent in aggregate 9.3% of the issued share capital of the Company.\n \n \n Following the Placing, Oliver holds 1.2% of the issued share capital of the Company. On 1 June 2020, the Company announced Guy's intention to retire from the Board of the Company and the date of Guy's departure will be confirmed in due course. Following the Placing, Guy no longer holds any ordinary shares in the Company.\n \n The Company is not a party to the Placing and will not receive any proceeds from the Placing.\n \n \n The trade date for the Placing is 8 June 2020 and settlement is expected to occur on 10 June 2020 on a T+2 basis. Liberum Capital Limited (\"Liberum\") acted as sole bookrunner in connection with the Placing.\n \n \n Following the Placing, the Executive Directors will have the following resultant shareholdings:\n \n \n \n \n \n \n \n \n \n Initial Holding\n \n \n \n \n \n \n \n \n \n \n Resultant Holding\n \n \n \n \n \n \n \n \n \n Selling\n \n \n Shareholder\n \n \n \n \n Number of Ordinary Shares\n \n \n \n \n Percentage of issued share capital\n \n \n \n \n Ordinary shares sold\n \n \n \n \n Price of Ordinary shares sold\n \n \n \n \n Number of Ordinary Shares\n \n \n \n \n Percentage of issued share capital\n \n \n \n \n \n \n \n \n \n Oliver Gilchrist (CFO)\n \n \n \n \n 705,790\n \n \n \n \n 2.4%\n \n \n \n \n 352,895\n \n \n \n \n 255p\n \n \n \n \n 352,895\n \n \n \n \n 1.2%\n \n \n \n \n \n \n \n \n \n Guy O'Connor (Director of Strategic Accounts)\n \n \n \n \n 2,391,853\n \n \n \n \n 8.1%\n \n \n \n \n 2,391,853\n \n \n \n \n 255p\n \n \n \n \n Nil\n \n \n \n \n Nil\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n This announcement contains in...