TIDMCRW
RNS Number : 0061B
Craneware plc
02 October 2020
Craneware plc
("Craneware" or the "Company")
Grant of Long Term Incentive Plan Awards
2 October 2020 - The Board of Craneware plc (AIM: CRW.L), the
market leader in Value Cycle solutions for the US healthcare
market, announces that on 2 October 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") was granted to two Directors of the Company as
follows:
Director No. of Shares over Percentage of issued
which a conditional share capital
share award was granted
Keith Neilson (CEO) 43,176 0.16%
------------------------- ---------------------
Craig Preston (CFO) 32,093 0.12%
------------------------- ---------------------
The awards will ordinarily vest after three years subject
to:
(i) the satisfaction of certain performance conditions based on
the Company's total shareholder return ("TSR") performance relative
to the performance achieved by the constituent companies within the
FTSE AIM 100 Index; and
(ii) the Director's continued employment.
The performance conditions are measured in three tranches such
that one third of the Shares over which the LTIP awards subsist
will vest based on performance over the three years ending on 30
June 2021, one third based on performance over the three years
ending 30 June 2022 and the final third based on performance over
the three years to 30 June 2023 - an aggregate five year period.
Any tranche (or part thereof) that does not meet the performance
criteria will lapse and not be re-tested in later years.
If and to the extent that these LTIP awards vest, the resulting
(net of tax) Shares will be subject to a two year holding
period.
There was no consideration for the grant of the LTIP awards and
no consideration will be payable by the award holders to receive
the Shares from these LTIP awards, if and to the extent that they
vest.
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 Grant of conditional share award
under the Craneware plc
Long Term Incentive Plan (2016)
d) Price(s) and volume(s) Volume(s) granted 43,176 , Price(s)
GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 43,176
ii. Price Price(s) GBP0
f) Date of the transaction 2020-10-02
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 Grant of conditional share award
under the Craneware plc
Long Term Incentive Plan (2016)
d) Price(s) and volume(s) Volume(s) granted 32,093 , Price(s)
GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 32,093
ii. Price Price(s) GBP0
f) Date of the transaction 2020-10-02
g) Place of the transaction Outside a trading venue
For further information, please contact:
Craneware plc Peel Hunt (NOMAD & Investec Bank (Joint Alma (Financial PR)
Joint Broker) Broker)
+44 (0)131 550
3100 +44 (0)20 7418 8900 +44 (0)20 7597 5970 +44 (0)203 405 0205
Keith Neilson, Dan Webster Patrick Robb Caroline Forde
CEO
Craig Preston, George Sellar Sebastian Lawrence Robyn Fisher
CFO Andrew Clark Henry Reast 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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END
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