TIDMCRW

RNS Number : 5692O

Craneware plc

03 October 2023

Craneware plc

("Craneware" or the "Company")

Vesting of Long Term Incentive Plan Awards

3 October 2023 - The Board of Craneware plc (AIM: CRW.L), the market leader in automated Value Cycle solutions for the US healthcare market, announces that on 2 October 2023 , 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 three Directors of the Company and to the Company's Chief Legal Officer, who is also a person discharging managerial responsibility ('PDMR'), vested to the extent that certain performance conditions were satisfied.

 
     Director          Gross number        Number of shares       Net number of       Percentage 
      / other         of Shares from      withheld to satisfy    Shares received       of issued 
       PDMR          conditional share      tax liabilities      from conditional    share capital* 
                       awards vested         on vesting of         share awards      of the Company 
                            on             conditional share        vested on 
                      2 October 2023            awards            2 October 2023 
 
 Keith Neilson 
  (CEO)                    15,328               (8,632)                6,696             0.019% 
                   -------------------  ---------------------  ------------------  ---------------- 
 
 Craig Preston 
  (CFO)                    11,393               (6,416)                4,977             0.014% 
                   -------------------  ---------------------  ------------------  ---------------- 
 
 Isabel Urquhart 
  (CPO)                    7,315                (4,120)                3,195             0.009% 
                   -------------------  ---------------------  ------------------  ---------------- 
 
 Eric Carter 
  (CLO)                    9,793                (2,870)                6,923             0.020% 
                   -------------------  ---------------------  ------------------  ---------------- 
 
 

*excluding 251,217 Ordinary Shares held in treasury.

The net amount of Shares received by these three Directors and the other PDMR, as shown in the table above, from the vested LTIP awards was after payment of the associated tax liabilities. No consideration was payable by each of the three Directors or by the other PDMR to receive the Shares from these LTIP awards.

The net number of Shares from these vested LTIP awards, as shown in the table above, received by each of the three Directors and the other PDMR are subject to a two year post-vesting holding period.

Following this transaction, Keith Neilson holds 3,466,139 Shares which is 9.82% of the issued share capital* of the Company, Craig Preston holds 98,849 Shares which is 0.28% of the issued share capital* of the Company, Isabel Urquhart holds 11,495 Shares which is 0.033% of the issued share capital* of the Company and Eric Carter holds 15,835 Shares which is 0.045% 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 1) Vesting of conditional share award under the

Craneware plc Long Term Incentive Plan (2016)

2) Surrender of Ordinary Shares to satisfy tax liabilities on vesting of conditional share award

d) Price(s) and volume(s) 1) Volume(s) released from vested award 15,328 ,

Price(s) GBP0

2) Volumes(s) surrendered 8,632, Price(s) GBP14.90

e) Aggregated information:

                                       i. Aggregated volume             1) 15,328 

2) 8,632

                                       ii. Price(s)                              1) GBP0 

2) GBP14.90

   f) Date of the transaction                                     2023-10-02 
          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) Vesting of conditional share award under the Craneware plc

Long Term Incentive Plan (2016)

2) Surrender of Ordinary Shares to satisfy tax liabilities on vesting of conditional share award

d) Price(s) and volume(s) 1) Volume(s) released from vested award 11,393 , Price(s) GBP0

2) Volumes(s) surrendered 6,416, Price(s) GBP14.90

e) Aggregated information:

                                       i. Aggregated volume    1) 11,393 

2) 6,416

                                       ii. Price(s)                     1)  GBP0 

2) GBP14.90

   f) Date of the transaction                           2023-10-02 
   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) Vesting of conditional share award under the Craneware plc

Long Term Incentive Plan (2016)

   2) Surrender of Ordinary Shares to satisfy tax liabilities on   vesting of conditional share award 

d) Price(s) and volume(s) 1) Volume(s) released from vested award 7,315 , Price(s) GBP0

2) Volumes(s) surrendered 4,120, Price(s) GBP14.90

e) Aggregated information:

                           i. Aggregated volume                 1) 7,315 

2) 4,120

                           ii. Price(s)                                  1) GBP0 

2) GBP14.90

   f) Date of the transaction                           2023-10-02 
   g) Place of the transaction                          Outside a trading venue 

PDMR notification: Eric Carter

   1.   Details of the Restricted Person / person closely associated with him or her 
   a) Name                                                     Eric Carter 
   2.   Reason for the notification 
   a) Position / status                                     Chief Legal 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) Vesting of conditional share award under the Craneware plc

Long Term Incentive Plan (2016)

2) Surrender of Ordinary Shares to satisfy tax liabilities on vesting of conditional share award

d) Price(s) and volume(s) 1) Volume(s) released from vested award 9,793 , Price(s) GBP0

2) Volumes(s) surrendered 2,870, Price(s) GBP14.90

e) Aggregated information:

                           i. Aggregated volume                 1) 9,793 

2) 2,870

                           ii. Price(s)                                  1) GBP0 

2) GBP14.90

   f) Date of the transaction                           2023-10-02 
   g) Place of the transaction                          Outside a trading venue 

For further information, please contact:

Craneware plc +44 (0)131 550 3100

Keith Neilson, CEO

Craig Preston, CFO

Alma (Financial PR) +44 (0)20 3405 0205

Caroline Forde, Joe Pederzolli, Kinvara Verdon craneware@almapr.co.uk

Peel Hunt (NOMAD and Joint Broker) +44 (0)20 7418 8900

Neil Patel, Paul Gillam, Richard Chambers

Investec Bank PLC (Joint Broker) +44 (0)20 7597 5970

Patrick Robb, Henry Reast, Cameron MacRitchie

Berenberg (Joint Broker) +44 (0)20 3207 7800

Mark Whitmore, Richard Andrews, Dan Gee-Summons

About Craneware

The Craneware Group (AIM:CRW.L), the market leader in automated value cycle solutions, including 340B management, collaborates with U.S. healthcare providers to plan, execute, and monitor operational and financial performance so they can continue to deliver quality care to their communities. Customers choose The Craneware Group's Trisus data and applications platform as their key to navigating the journey to financially sustainable value-based care. Trisus combines revenue integrity, cost management, 340B performance, and decision enablement into a single, SaaS-based platform. Trisus Chargemaster secured top ranking in the Chargemaster Management category of the "2023 Best in KLAS Awards: Software & Services" and is part of an extensive value cycle management suite. The Craneware Group - transforming the business of healthcare.

Learn more at www.thecranewaregroup.com

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October 03, 2023 10:52 ET (14:52 GMT)

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