TIDMCRW
RNS Number : 2687L
Craneware plc
04 September 2019
Craneware plc
("Craneware" or the "Company")
Grant of Long Term Incentive Plan Awards
4 September 2019 - The Board of Craneware plc (AIM: CRW.L), the
market leader in Value Cycle software solutions for the US
healthcare market, announces that on 4 September 2019, 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) 17,100 0.06%
------------------------- ---------------------
Craig Preston (CFO) 12,710 0.05%
------------------------- ---------------------
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 2020, one third based on performance over the three years
ending 30 June 2021 and the final third based on performance over
the three years to 30 June 2022 - 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.
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 17,100, Price(s) GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 17,100
ii. Price Price(s) GBP0
f) Date of the transaction 2019-09-04
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 12,710, Price(s) GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 12,710
ii. Price Price(s) GBP0
f) Date of the transaction 2019-09-04
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 7418
3100 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 Hilary Buchanan
CFO Guy Pengelley Henry Reast Helena Bogle
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 350 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
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September 04, 2019 13:14 ET (17:14 GMT)
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