AIM: CER

Cerillion plc

("Cerillion" or "the Company" or "the Group")

Employee Share Option Scheme

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, announces a further award of options under an HMRC approved Cerillion plc Save-As-You-Earn Option Plan (the "Plan"). Under the Plan, employees contribute a monthly amount that will be saved over three years to enable the exercise of options over ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"). The options will be available for exercise from 1 August 2024 with an exercise price of £5.92 being a 20% discount to the closing market price the last trading date before the further award under the Plan.

In total, up to 71,000 options over Ordinary Shares could be awarded under the Plan, which would represent approximately 0.2% per cent of the current issued share capital of the Company. When added to the options issued in the SAYE plan announced on 14 February 2019, this would represent approximately 0.7% of the issued share capital.

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About Cerillion 

Cerillion is a leading provider of mission critical software for billing, charging and customer relationship management, with a 21-year track record in providing comprehensive revenue and customer management solutions. The Company has 90 customers across 44 countries, principally serving the telecommunications market.

The Company is headquartered in London and also has operations in Pune, Miami and Sydney.