Vesting of Long Term Incentive Plan Award

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) £0

e) Aggregated information:

  i. Aggregated volume  Aggregate volume released 3,824

  ii. Price  Price(s) £0

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 & Joint Broker)	Investec Bank (Joint Broker)	Alma (Financial PR)
[phone]	[phone]	[phone]	[phone]
Keith Neilson, CEO	Dan Webster	Patrick Robb	Caroline Forde
Craig Preston, CFO	George Sellar Andrew Clark	Sebastian Lawrence Henry Reast	Hilary Buchanan 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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