Ocorian finally completes Billington share sell-off

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.”