Cerillion launches new employee share option scheme

Cerillion, the billing, charging and customer relationship management software solutions provider, has launched a new HMRC approved save-as-you-earn option plan.

Under the plan, employees will contribute a monthly amount which will be saved over three years to enable the exercise of options over ordinary shares. The options will be available for exercise from 1 March 2020, with an exercise price which is a 20% discount to last night's closing price - the last trading date before the launch of the plan. In total up to 250,000 options over ordinary shares could be awarded under the plan, which would represent approximately 1% of the current issued share capital of the company.