CRW Craneware Plc

TIDMCRW

RNS Number : 8783O

Craneware plc

26 September 2011

Craneware plc

("Craneware" or the "Company")

Grant of Options

26 September 2011 - The Board of Craneware plc (AIM: CRW.L), the market leader in automated revenue integrity solutions for the US healthcare market, announces that on 23 September 2011, the Remuneration Committee approved the granting of share options to certain Directors to subscribe for ordinary shares of 1p each in the Company as follows:

 
                                     No. of       Percentage 
                                    options        of issued 
 Director                           granted    share capital 
 
 Keith Neilson (Chief Executive 
  Officer)                           70,869             0.26 
 Craig Preston (Chief Financial 
  Officer)                           42,853             0.16 
 

The above options have been granted at an exercise price of 561p per share (being the closing mid-market price on 23 September 2011). These options will be subject to performance criteria, such that they vest in three equal tranches over three years. One third of the share options will vest on or after 30 June 2012, one third on or after 30 June 2013 and the final third on or after 30 June 2014. The share options will not become exercisable until three years from the date of the grant.

For further information, please contact:

 
 Craneware plc     Peel Hunt          Threadneedle Communications 
 +44 (0)131 550    +44 (0)20 7418 
  3100              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, Boston, Nashville and Scottsdale employing over 200 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance for healthcare organisations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge, code and retain earned revenue for patient care services and supplies. This optimises reimbursement, increases operational efficiency and minimises 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

END

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