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 £45.6 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%

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