Craneware plc Vesting of Long Term Incentive Plan Award (7713H)

TIDMCRW

RNS Number : 7713H

Craneware plc

26 March 2020

Craneware plc

("Craneware" or the "Company")

Vesting of Long Term Incentive Plan Award

26 March 2020 - The Board of Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces that on 24 March 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") which was granted to a Director of the Company on 24 March 2017, vested following the satisfaction of certain performance conditions.

Craig Preston, a Director and CFO of the Company, received a net amount of 3,824 Shares, which is 0.01% of the issued share capital of the Company, from the vested LTIP award after deduction of the associated tax liabilities. No consideration was payable by Craig Preston to receive the Shares from this LTIP award.

Following this transaction, Craig Preston holds 85,927 Shares which is 0.32% of the issued share capital of the Company.

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 Vesting of conditional share award under the Craneware plc

Long Term Incentive Plan (2016)

d) Price(s) and volume(s) Volume(s) released from vested award 3,824, Price(s) GBP0

e) Aggregated information:

                                       i. Aggregated volume                Aggregate volume released 3,824 
                                       ii. Price                                     Price(s) GBP0 
   f) Date of the transaction                                  2020-03-24 
   g) Place of the transaction                                 Outside a trading venue 

For further information, please contact:

 
 Craneware plc    Peel Hunt (NOMAD   Investec Bank        Alma (Financial PR) 
                   & Joint Broker)    (Joint Broker) 
 [phone]   [phone]     [phone] 
  3100             8900               5970                [phone] 
 Keith Neilson,   Dan Webster        Patrick Robb         Caroline Forde 
  CEO 
 Craig Preston,   George Sellar      Sebastian Lawrence   Hilary Buchanan 
  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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March 26, 2020 12:31 ET (16:31 GMT)