TIDMCRW
RNS Number : 8726Z
Craneware plc
05 September 2018
Craneware plc
("Craneware" or the "Company")
Grant of Options
&
Long Term Incentive Plan Awards
5 September 2018 - The Board of Craneware plc (AIM: CRW.L), the
market leader in Value Cycle solutions for the US healthcare
market, announces that on 5 September 2018, share options (the
"Options") to acquire ordinary shares of 1p each in the Company
("Shares") were granted to two of the Company's Directors as set
out below. The Options were granted pursuant to the terms of the
Craneware plc Unapproved Share Option Plan (2016) (the "Option
Plan").
Director Aggregate no. of Percentage of issued share
Shares over which capital
Options granted
under the Option
Plan
Keith Neilson (CEO) 5,848 0.02%
------------------- ---------------------------
Craig Preston (CFO) 4,334 0.02%
------------------- ---------------------------
The above Options have been granted at an exercise price of
2710p per Share (being the closing market price on 4 September
2018). The Options will ordinarily become exercisable from the
third anniversary of grant, 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. These performance
conditions are measured in three tranches such that one third of
the Shares over which the Options subsist will vest based on
performance over the three years ending on 30 June 2019, one third
based on performance over the three years ending 30 June 2020 and
the final third based on performance over the three years to 30
June 2021 - 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.
The Company further announces that on 5 September 2018, under
the terms of the Craneware plc Long Term Incentive Plan (2016)
("LTIP"), a conditional award of 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) 5,848 0.02%
------------------------- ---------------------
Craig Preston (CFO) 4,334 0.02%
------------------------- ---------------------
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. The awards will ordinarily vest after three years subject to
(i) the satisfaction of TSR performance conditions that are
substantively the same as those described above in relation to the
Options and (ii) the Director's continued employment.
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 share options under the
Craneware plc Unapproved Share Option Plan (2016)
d) Price(s) and volume(s) Volume(s) granted 5,848, Price(s) GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 5,848
ii. Price Price(s) GBP0
f) Date of the transaction 2018-09-05
g) Place of the transaction Outside a trading venue
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 5,848, Price(s) GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 5,848
ii. Price Price(s) GBP0
f) Date of the transaction 2018-09-05
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 share options under the
Craneware plc Unapproved Share Option Plan (2016)
d) Price(s) and volume(s) Volume(s) granted 4,334, Price(s) GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 4,334
ii. Price Price(s) GBP0
f) Date of the transaction 2018-09-05
g) Place of the transaction Outside a trading venue
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 4,334, Price(s) GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 4,334
ii. Price Price(s) GBP0
f) Date of the transaction 2018-09-05
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 +44 (0)20 7597
3100 +44 (0)20 7418 8900 5970 +44 (0)208 004 4217
Keith Neilson, Dan Webster Patrick Robb Caroline Forde
CEO
Craig Preston, George Sellar Sebastian Lawrence Robyn Fisher
CFO Henry Reast Josh Royston
About Craneware
Craneware enables healthcare providers to improve margins and
enhance patient outcomes so they can continue to provide quality
outcomes for all.
Craneware is the leader in automated Value Cycle solutions that
help US Healthcare provider organisations discover, convert and
optimise assets to achieve best clinical outcomes and financial
performance. Founded in 1999, Craneware is headquartered in
Edinburgh, Scotland with offices in Atlanta and Pittsburgh
employing over 320 staff. Craneware's market-driven, SaaS solutions
normalise disparate data sets, bringing in up-to-date regulatory
and financial compliance data to deliver value at the points where
clinical and operational data transform into financial
transactions, creating actionable insights that enable informed
tactical and strategic decisions. To learn more, visit
craneware.com and thevaluecycle.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHSSAFFIFASEFU
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September 05, 2018 07:20 ET (11:20 GMT)
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