TIDMCRW
RNS Number : 0860H
Craneware plc
21 November 2022
Craneware plc
("Craneware" or the "Company")
Grant of Long Term Incentive Plan Awards
21 November 2022 - The Board of Craneware plc (AIM: CRW.L), the
market leader in Value Cycle software solutions for the US
healthcare market, announces that on 18 November 2022 , under the
terms of the Craneware plc Long Term Incentive Plan (2022)
("LTIP"), a conditional award of ordinary shares of 1p each in the
Company ("Shares") was granted to three 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) 30,796 0.09%
------------------------- ---------------------
Craig Preston (CFO) 22,890 0.06%
------------------------- ---------------------
Isabel Urquhart (CPO) 15,734 0.04%
------------------------- ---------------------
The awards will ordinarily vest after three years subject
to:
(i) the satisfaction of certain performance conditions (each
with 50% weighting) based on: (a) the Company's total shareholder
return ("TSR") performance relative to the performance achieved by
the constituent companies within the FTSE AIM 100 Index; and (b)
compound annual growth in adjusted diluted earnings per share, as
reported in the consolidated financial statements of the Company
and its subsidiaries; 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 2023, one third based on performance over the three years
ending 30 June 2024 and the final third based on performance over
the three years to 30 June 2025 - an aggregate five year period.
Any tranche (or part thereof) that does not meet the performance
criteria will lapse.
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 (2022)
d) Price(s) and volume(s) Volume(s) granted 30,796 , Price(s)
GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 30,796
ii. Price Price(s) GBP0
f) Date of the transaction 2022-11-18
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 (2022)
d) Price(s) and volume(s) Volume(s) granted 22,890 , Price(s)
GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 22,890
ii. Price Price(s) GBP0
f) Date of the transaction 2022-11-18
g) Place of the transaction Outside a trading venue
PDMR notification: Isabel Urquhart
1. Details of the Restricted Person / person closely associated with him or her
a) Name Isabel Urquhart
2. Reason for the notification
a) Position / status Chief People Officer
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 (2022)
d) Price(s) and volume(s) Volume(s) granted 15,734 , Price(s)
GBP0
e) Aggregated information:
i. Aggregated volume Aggregate volume granted 15,734
ii. Price Price(s) GBP0
f) Date of the transaction 2022-11-18
g) Place of the transaction Outside a trading venue
For further information, please contact:
Craneware plc +44 (0)131 550 3100
Keith Neilson, CEO
Craig Preston, CFO
Alma (Financial PR) +44 (0)20 3405 0205
Caroline Forde, Hilary Buchanan, Joe Pederzolli craneware@almapr.co.uk
Peel Hunt (NOMAD and Joint Broker) +44 (0)20 7418 8900
Dan Webster, Andrew Clark
Investec Bank PLC (Joint Broker) +44 (0)20 7597 5970
Patrick Robb, Henry Reast, Sebastian Lawrence
Berenberg (Joint Broker) +44 (0)20 3207 7800
Mark Whitmore, Richard Andrews, Alix Mecklenburg-Solodkoff
About Craneware
We at The Craneware Group of companies, including our latest
additions Sentry Data Systems and Agilum Healthcare Intelligence,
passionately believe we can impact healthcare profoundly by
delivering the insights healthcare organisations need to also
transform the business of healthcare. Our shared vision is to be
the operational and financial partner for US healthcare
providers.
Our combined suite of applications and industry-leading team of
experts help our customers contextualise operational, financial,
and clinical data, providing insights that clearly demonstrate what
great looks like. These value cycle insights deliver revenue
integrity and 340B compliance, as well as margin and operational
intelligence- something no other single partner can provide.
Together, approximately 40% of registered US hospitals are now
our customers, including more than 12,000 US hospitals, health
systems and affiliated retail pharmacies and clinics. Our customers
are operating with a financial impact of nearly half a trillion
dollars. We have data sets from customers covering more than 150
million unique patients encounters.
Learn more at www.thecranewaregroup.com
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END
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