Craneware plc Vesting of Long Term Incentive Plan Awards (0914M)

TIDMCRW

RNS Number : 0914M

Craneware plc

18 January 2021

Craneware plc

("Craneware" or the "Company")

Vesting of Long Term Incentive Plan Awards

18 January 2021 - The Board of Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces that on 17 January 2021 , under the terms of the Craneware plc Long Term Incentive Plan (2016) ("LTIP"), conditional awards of ordinary shares of 1p each in the Company ("Shares") which were granted to two Directors of the Company on 17 January 2018, vested following the satisfaction of certain performance conditions.

 
       Director            Net amount of Shares      Percentage of issued 
                         received from conditional    share capital of the 
                            share award vested              Company 
                            on 17 January 2021 
 Keith Neilson (CEO)              3,977                      0.01% 
                       ---------------------------  ---------------------- 
 Craig Preston (CFO)              2,948                      0.01% 
                       ---------------------------  ---------------------- 
 

The net amount of Shares received by each of the Directors from the vested LTIP awards was after payment of the associated tax liabilities. No consideration was payable by each of the Directors to receive the Shares from these LTIP awards.

These LTIP awards are being satisfied by shares held in the Craneware plc Employee Benefit Trust.

Following this transaction, Keith Neilson holds 3,422,576 Shares which is 12.8% of the issued share capital of the Company and Craig Preston holds 88,875 Shares which is 0.33% of the issued share capital of the Company.

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 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 3,977 , Price(s) GBP0

e) Aggregated information:

                                       i. Aggregated volume               Aggregate volume released 3,977 
                                       ii. Price                                     Price(s) GBP0 
   f) Date of the transaction                                  2021-01-17 
   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 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 2,948 , Price(s) GBP0

e) Aggregated information:

                                       i. Aggregated volume                Aggregate volume released 2,948 
                                       ii. Price                                      Price(s) GBP0 
   f) Date of the transaction                                  2021-01-17 
   g) Place of the transaction                                 Outside a trading venue 

For further information, please contact:

 
Craneware plc        Peel Hunt              Investec Bank        Berenberg             Alma 
                      NOMAD & Joint Broker   Joint Broker         Joint Broker          Financial PR 
[phone]  [phone]    [phone]  [phone]  [phone] 
Keith Neilson, CEO   Dan Webster            Patrick Robb         Mark Whitmore         Caroline Forde 
Craig Preston, CFO   George Sellar          Sebastian Lawrence   Richard Salmond       Robyn Fisher 
                     Andrew Clark           Henry Reast          Alix Mecklenberg-     Helena Bogle 
                                                                 Solodkoff             Joe Pederzolli 
 

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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January 18, 2021 13:11 ET (18:11 GMT)