Ocorian finally completes Billington share sell-off

17th Nov 2016 14:42

(ShareCast News) - Billington Holdings confirmed on Thursday that it has received notice that Ocorian - formerly known as Bedell Trustees - as trustee for the Billington Holdings Plc Employee Share Ownership Trust has disposed of 170,993 ordinary shares at a price of £2.05.The AIM-traded firm said as a result, the trust now holds 185,919 ordinary shares which represents 1.43 % of the issued share capital."The Directors have been advised by the trustees that this transaction now concludes the series of ordinary share sales undertaken by the trustees," Billington's board said in a statement."This was to enable them to settle a liability due to the Trustees of the Amco ESOP which relates to the disposal of the AMCO businesses in May 2008."