CRW Craneware Plc

TIDMCRW

RNS Number : 1437C

Craneware plc

02 March 2011

Craneware plc

("Craneware" or the "Company")

Director & PDMR Shareholding

2 March 2011 - Craneware plc (AIM: CRW.L; OTC: CRWRY), the market leader in automated revenue integrity solutions for the US healthcare market, has been informed that the two co-founders of the business, Keith Neilson, Chief Executive Officer, and Gordon Craig, CTO and recently appointed President of Craneware US operations, each purchased yesterday 3,525 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 564.75 pence per share.

Following these transactions, Mr. Neilson has a total holding in the Company of 3,428,779 Ordinary Shares, which represents 12.95% of the total issued share capital, and Mr. Craig has a total holding in the Company of 3,153,151 Ordinary Shares, which represents 11.91% of the total issued share capital.

Further to the Additional Listing announcement yesterday, it should be noted that the denominator for these calculations includes the 509,097 new ordinary shares which were allotted yesterday to certain of the ClaimTrust, Inc. ("ClaimTrust") vendors, as part of the initial consideration for the acquisition of ClaimTrust. These shares are subject to a twelve month lock-in once they are admitted on 3 March 2011.

For further information, please contact:

 
 Craneware plc     Peel Hunt          Threadneedle Communications 
 +44 (0)131 550    +44 (0)20 7418 
  3160              8900              +44 (0)20 7653 9850 
 Keith Neilson,    Dan Webster        Caroline Evans-Jones 
  CEO 
 Craig Preston,    Richard Kauffer    Fiona Conroy 
  CFO 
 

About Craneware

Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Atlanta, Arizona, Massachusetts and Tennessee employing over 200 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance and mitigate risk for healthcare organisations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. These optimise reimbursement, increase operational efficiency and minimise compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com and stoptheleakage.com

This information is provided by RNS

The company news service from the London Stock Exchange

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