12th Jun 2025 19:50
Cerillion PLC - London-based billing, charging and customer relationship management software - Chief Executive Louis Hall sells 10.3% stake in Cerillion, or just over 3.0 million shares, at 1,500 pence each on Thursday. Worth around GBP45.6 million. The placing attracts "very strong" support from existing shareholders, and certain non-holders, including from the US, UK and Europe. It was "significantly over-subscribed at the increased transaction size." Cerillion earlier Thursday says Hall will sell a minimum of 1.3 million shares. Sale represents Hall's first since 2017. He remains the company's largest shareholder with a resultant holding of just over 20%. The placing was conducted through an accelerated bookbuild with Panmure Liberum Ltd acting as sole bookrunner.
Current stock price: 1,575.00 pence, down 17% in London on Thursday
12-month change: down 1.3%
By Jeremy Cutler, Alliance News reporter
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