Cerillion CEO Announces Secondary Share Placing

Cerillion ( (GB:CER) ) has issued an update.

Cerillion PLC has announced a proposed secondary placing of shares, with CEO Louis Hall intending to sell a minimum of 1,333,334 ordinary shares at 1500 pence each. The shares are being offered to institutional investors through an accelerated bookbuild process managed by Panmure Liberum. This move will not directly impact Cerillion’s finances as the company will not receive any proceeds from the sale. However, the selling shareholder has committed to a lock-in period of 365 days post-placing, with an additional orderly market provision for 180 days, ensuring market stability.

The most recent analyst rating on (GB:CER) stock is a Buy with a £2350.00 price target. To see the full list of analyst forecasts on Cerillion stock, see the GB:CER Stock Forecast page.

Spark’s Take on GB:CER Stock

According to Spark, TipRanks’ AI Analyst, GB:CER is a Outperform.

Cerillion’s stock score is bolstered by strong financial performance and positive corporate events, indicating robust growth potential. However, caution is advised due to mixed technical indicators and relatively high valuation.

To see Spark’s full report on GB:CER stock, click here.

More about Cerillion

Cerillion PLC operates in the software industry, specializing in billing, charging, and customer relationship management solutions. The company focuses on providing these services to various sectors, enhancing their operational efficiency and customer engagement.

Average Trading Volume: 61,384

Technical Sentiment Signal: Strong Buy

Current Market Cap: £539.8M

See more insights into CER stock on TipRanks’ Stock Analysis page.