May 25, 2017 / 4:10 PM / 3 months ago

BRIEF-Cerillion announces proposed director placing

May 25 (Reuters) - Cerillion Plc:

* Says certain directors of company are proposing to sell ordinary shares in company

* Says placing asa result of investor demand, and in order to broaden shareholder base of company and to increase liquidity in co's shares

* Says executive directors will together participate in placing to sell up to 4,166,666 ordinary shares at 120 pence per share

* Says placing shares represent approximately 14.1% of company's current issued share capital

* Says Shore Capital Stockbrokers Limited is acting as sole bookrunner in relation to placing Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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