Vesting of Long Term Incentive Plan Awards

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 received from conditional share award vested on 17 January 2021	Percentage of issued share capital of the Company
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) £0

e) Aggregated information:

  i. Aggregated volume               Aggregate volume released 3,977

  ii. Price  Price(s) £0

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) £0

e) Aggregated information:

  i. Aggregated volume  Aggregate volume released 2,948

  ii. Price                                      Price(s) £0

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 NOMAD & Joint Broker	Investec Bank Joint Broker	Berenberg Joint Broker	Alma 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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