Director/PDMR Dealings

Craneware plc

11 September 2024

 

Not for publication, distribution or release, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended). 

11 September 2024

Craneware plc

("Craneware" or the "Company" or the "Group")

Director/PDMR Dealings

Craneware announces that, it has been notified by certain Directors, PDMRs and a shareholder of the Company (the "Selling Shareholders"), that they have agreed to sell, subject to completion, an aggregate 850,000 ordinary shares of £0.01 each ("Ordinary Shares") in the Company (the "Sale Shares") at a price of £22.00 per Placing Share (the "Sale"). The Sale Shares represent approximately 2.4 per cent. of the existing issued share capital of the Company (excluding Ordinary Shares held in treasury).

The Sale Shares to be sold by each Selling Shareholder is as follows:

Full Name	Position	Director/ PDMR	Current Shareholding	Ordinary Shares Sold	Resultant Shareholding	% of Issued Share Capital (excluding Ordinary Shares held in treasury)
Keith Neilson	Chief Executive Officer	Director	3,467,707	423,750	3,043,957	8.67%
Craig Preston	Chief Financial Officer	Director	100,417	24,000	76,417	0.22%
Issy Urquhart	Chief People Officer	Director	11,495	2,250	9,245	0.03%
Derek Paterson	Chief Information Officer	-	651,301	90,000	561,301	1.60%
Mark Montgomery	Chief Marketing Officer	-	34,141	25,000	9,141	0.03%
Gordon Craig	-	-	2,340,756	285,000	2,055,756	5.86%

Following the completion of the Sale, Keith Neilson (Chief Executive Officer of the Company) and Gordon Craig (Co-Founder and shareholder of the Company) have agreed not to sell or otherwise dispose of any of their holdings of Ordinary Shares for 365 days, except with the prior written consent of Peel Hunt LLP ("Peel Hunt") or in respect of the exercise or net exercise or grant of share based awards pursuant to the Company's existing share schemes. The other Selling Shareholders will not be subject to a lock-up.

The proceeds of the Sale are payable in cash and will be settled on a T+3 basis (unless otherwise agreed), and settlement of the Sale is expected to occur on or about 16 September 2024.

The Company will not receive any proceeds from the Sale.

For further information, please contact:

Craneware plc	[phone]
Keith Neilson, CEO
Craig Preston, CFO
Peel Hunt	[phone]
Neil Patel, Benjamin Cryer, Kate Bannatyne Sohail Akbar

About Craneware

The Craneware Group (AIM:CRW.L), is the market leader in value cycle solutions. For 25 years, we have collaborated with U.S. healthcare providers to optimize revenue integrity, pricing intelligence, decision support, labor productivity, business of pharmacy, and 340B program management. 

Customers choose Trisus®, a HITRUST- and SOC2 Type II-certified, SaaS-platform, to achieve operational and financial excellence in pursuit of their healthcare mission - delivering quality care to their communities. The Craneware Group - Transforming the Business of Healthcare.

Learn more at www.craneware.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keith Neilson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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  Identification code	Ordinary shares of 1p each in the capital of Craneware plc ISIN GB00B2425G68
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £22.00 423,750
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	11 September 2024
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Craig Preston
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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  Identification code	Ordinary shares of 1p each in the capital of Craneware plc ISIN GB00B2425G68
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £22.00 24,000
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	11 September 2024
f)	Place of the transaction	London Stock Exchange, XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Issy Urquhart
2	Reason for the notification
a)	Position/status	Chief People Officer
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  Identification code	Ordinary shares of 1p each in the capital of Craneware plc ISIN GB00B2425G68
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £22.00 2,250
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	11 September 2024
f)	Place of the transaction	London Stock Exchange, XLON

Peel Hunt is authorised and regulated by the Financial Conduct Authority. Peel Hunt is acting for the Selling Shareholders only in connection with the Sale and no one else, and will not be responsible to anyone other than the Selling Shareholders for providing the protections offered to clients nor for providing advice in relation to the Sale Shares or the Sale, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.

 

END