Craneware plc Grant of Long Term Incentive Plan Awards (0061B)

TIDMCRW

RNS Number : 0061B

Craneware plc

02 October 2020

Craneware plc

("Craneware" or the "Company")

Grant of Long Term Incentive Plan Awards

2 October 2020 - The Board of Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces that on 2 October 2020 , under the terms of the Craneware plc Long Term Incentive Plan (2016) ("LTIP"), a conditional award of ordinary shares of 1p each in the Company ("Shares") was granted to two Directors of the Company as follows:

 
       Director            No. of Shares over      Percentage of issued 
                           which a conditional         share capital 
                         share award was granted 
 Keith Neilson (CEO)             43,176                   0.16% 
                       -------------------------  --------------------- 
 Craig Preston (CFO)             32,093                   0.12% 
                       -------------------------  --------------------- 
 

The awards will ordinarily vest after three years subject to:

(i) the satisfaction of certain performance conditions based on the Company's total shareholder return ("TSR") performance relative to the performance achieved by the constituent companies within the FTSE AIM 100 Index; and

(ii) the Director's continued employment.

The performance conditions are measured in three tranches such that one third of the Shares over which the LTIP awards subsist will vest based on performance over the three years ending on 30 June 2021, one third based on performance over the three years ending 30 June 2022 and the final third based on performance over the three years to 30 June 2023 - an aggregate five year period. Any tranche (or part thereof) that does not meet the performance criteria will lapse and not be re-tested in later years.

If and to the extent that these LTIP awards vest, the resulting (net of tax) Shares will be subject to a two year holding period.

There was no consideration for the grant of the LTIP awards and no consideration will be payable by the award holders to receive the Shares from these LTIP awards, if and to the extent that they vest.

PDMR notification: Keith Neilson

   1.   Details of the Restricted Person / person closely associated with him or her 
   a) Name                                                            Keith Neilson 
   2.   Reason for the notification 
   a) Position / status                                            CEO 
   b) Initial notification / Amendment                     Initial notification 

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

   a) Name                                                            Craneware plc 
   b) LEI                                                                 213800O2CTJ1YFXNXG05 

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a) Description of the financial instrument, type of

instrument Ordinary shares of 1p each in the capital of Craneware plc

   b) Identification code                                         ISIN GB00B2425G68 

c) Nature of the transaction Grant of conditional share award under the Craneware plc

Long Term Incentive Plan (2016)

d) Price(s) and volume(s) Volume(s) granted 43,176 , Price(s) GBP0

e) Aggregated information:

                                       i. Aggregated volume      Aggregate volume granted 43,176 
                                       ii. Price                            Price(s) GBP0 
   f) Date of the transaction                                     2020-10-02 
   g) Place of the transaction                                  Outside a trading venue 

PDMR notification: Craig Preston

   1.   Details of the Restricted Person / person closely associated with him or her 
   a) Name                                                            Craig Preston 
   2.   Reason for the notification 
   a) Position / status                                            CFO 
   b) Initial notification / Amendment                       Initial notification 

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

   a) Name                                                            Craneware plc 
   b) LEI                                                                213800O2CTJ1YFXNXG05 

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a) Description of the financial instrument, type of

instrument Ordinary shares of 1p each in the capital of Craneware plc

   b) Identification code                                         ISIN GB00B2425G68 

c) Nature of the transaction Grant of conditional share award under the Craneware plc

Long Term Incentive Plan (2016)

d) Price(s) and volume(s) Volume(s) granted 32,093 , Price(s) GBP0

e) Aggregated information:

                                       i. Aggregated volume     Aggregate volume granted 32,093 
                                       ii. Price                           Price(s) GBP0 
   f) Date of the transaction                                   2020-10-02 
   g) Place of the transaction                                 Outside a trading venue 

For further information, please contact:

 
 Craneware plc    Peel Hunt (NOMAD &    Investec Bank (Joint   Alma (Financial PR) 
                   Joint Broker)         Broker) 
 [phone] 
  3100            [phone]   [phone]    [phone] 
 Keith Neilson,   Dan Webster           Patrick Robb           Caroline Forde 
  CEO 
 Craig Preston,   George Sellar         Sebastian Lawrence     Robyn Fisher 
  CFO              Andrew Clark          Henry Reast            Helena Bogle 
 
 
 

About Craneware

Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. Founded in 1999, Craneware is headquartered in Edinburgh, Scotland with offices in Atlanta and Pittsburgh employing over 350 staff. Craneware's value cycle management suite includes charge capture, strategic pricing, patient engagement, claims analytics, revenue recovery and retention, and cost and margin intelligence solutions.

Learn more at www.craneware.com

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October 02, 2020 10:55 ET (14:55 GMT)