Exercise of Share Options

Craneware plc

18 September 2024

 

Craneware plc

("Craneware" or the "Company")

Exercise of Share Options

18 September 2024 - The Board of Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces that on 16 September 2024, the three Executive Directors of the Company exercised share options over ordinary shares of 1p each in the Company ("Ordinary Shares") in accordance with the terms of the Company's relevant employee share option plans. The net amount of Ordinary Shares received by these three Directors, as shown in the table below, from the exercise of these share options was after settlement of the exercise cost and applicable income tax and national insurance contributions:

Director	Share Option Exercise price per share	Number of Ordinary Shares subject to the share option	Number of Ordinary Shares withheld to satisfy exercise cost and tax liabilities on exercise of share option	Net number of Ordinary Shares received from exercise of share option	Percentage of issued share capital* of the Company
Keith Neilson (CEO)	£5.225	39,090	(24,125)	14,965	0.042%
Craig Preston (CFO)	£7.50	26,925	(17,991)	8,934	0.025%
	£12.375	8,586	(6,334)	2,252	0.006%
Isabel Urquhart (CPO)	£12.375	3,660	(2,347)	1,313	0.004%

   *excluding 199,892 Ordinary Shares held in treasury (refer to Total Voting Rights section below).

Following these transactions, Keith Neilson holds 3,058,922 Ordinary Shares,  representing 8.66% of the total voting rights of the Company, Craig Preston holds 87,603 Ordinary Shares, representing 0.25% of the total voting rights of the Company and Isabel Urquhart holds 10,558 Ordinary Shares, representing 0.03% of the total voting rights of the Company. The total voting rights of the Company are described below.

Total Voting Rights

Following the share option exercise transactions and also the exercise of share options by certain other employees on 16 September 2024, the Company is transferring a total of 23,372 Ordinary Shares previously held in treasury to satisfy share option exercise transactions.

As a result, the Company's issued share capital now consists of 35,542,169 Ordinary Shares, of which 199,892 remain held in treasury. Accordingly, the total number of Ordinary Shares in the Company with voting rights is 35,342,277. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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

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                                1) Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities on share option exercise

d) Price(s) and volume(s)                                   1) Volume(s) 39,090, Price(s) £5.225

                                                                                    2) Volumes(s) 24,125, Price(s) £22.30

e) Aggregated information:                               

                                    i. Aggregated volume                1) 39,090

                                                                                    2) 24,125

                                    ii. Price                                     1) £5.225

                                                                                    2) £22.30

f) Date of the transaction                                  2024-09-16

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                                1) Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities on share option

d) Price(s) and volume(s)                                   1) Volume(s) 26,925, Price(s) £7.50

                                                                                    2) Volumes(s) 17,991, Price(s) £22.30

e) Aggregated information:

                                    i. Aggregated volume                1) 26,925

                                                                                    2) 17,991

                                    ii. Price                                     1) £7.50

                                                                                    2) £22.30

f) Date of the transaction                                  2024-09-16

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                                1) Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities on share option

d) Price(s) and volume(s)                                   1) Volume(s) 8,586, Price(s) £12.375

                                                                                    2) Volumes(s) 6,334, Price(s) £22.30

e) Aggregated information:

                                    i. Aggregated volume                1) 8,586

                                                                                    2) 6,334

                                    ii. Price                                     1) £12.375

                                                                                    2) £22.30

f) Date of the transaction                                  2024-09-16

g) Place of the transaction                                 Outside a trading venue

PDMR notification: Isabel Urquhart

1.   Details of the Restricted Person / person closely associated with him or her

a) Name                                                            Isabel 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                                                         Ordinary shares of 1p each in the capital of Craneware plc

b) Identification code                                         ISIN GB00B2425G68

c) Nature of the transaction                                1) Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities on share option exercise

d) Price(s) and volume(s)                                   1) Volume(s) 3,660, Price(s) £12.375

                                                                                    2) Volumes(s) 2,347, Price(s) £22.30

e) Aggregated information:

                                    i. Aggregated volume                1) 3,660

                                                                                    2) 2,347

                                    ii. Price                                     1) £12.375

                                                                                    2) £22.30

f) Date of the transaction                                  2024-09-16

g) Place of the transaction                                 Outside a trading venue

For further information, please contact:

Craneware plc	[phone]
Keith Neilson, CEO
Craig Preston, CFO
Alma Strategic Communications (Financial PR)	[phone]
Caroline Forde, Kinvara Verdon	[e-mail]
Peel Hunt (NOMAD and Joint Broker)	[phone]
Neil Patel, Benjamin Cryer, Kate Bannatyne
Investec Bank PLC (Joint Broker)	[phone]
Patrick Robb, Henry Reast, Shalin Bhamra
Berenberg (Joint Broker)	[phone]
Mark Whitmore, Richard Andrews, Dan Gee-Summons

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.thecranewaregroup.com

 

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