REG - Craneware plc - Vesting of Long Term Incentive Plan Awards and TVR

CranewareAnnouncement

19/11/2024 17:15

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RNS Number : 8563M  Craneware plc  19 November 2024

Craneware plc

("Craneware" or the "Company")

 

Vesting of Long Term Incentive Plan Awards and Total Voting Rights

 

19 November 2024 - The Board of Craneware plc (AIM: CRW.L), the market leader
in automated Value Cycle solutions for the US healthcare market, announces
that on 18 November 2024, under the terms of the Craneware plc Long Term
Incentive Plan (2016) ("LTIP"), conditional awards of ordinary shares of 1p
each in the Company ("Shares") which were granted to three Directors of the
Company and to the Company's Chief Legal Officer, who is also a person
discharging managerial responsibility ('PDMR'), vested to the extent that
certain performance conditions were satisfied.

 

 Director / other PDMR  Gross number of Shares from conditional share awards vested on  Number of shares withheld to satisfy tax liabilities on vesting of conditional  Net number of Shares received from conditional share awards vested on  Percentage of issued share capital* of the Company

                                                               share awards

                        18 November 2024                                                                                                                                18 November 2024

 Keith Neilson (CEO)

                        17,681                                                          (-           A)                                                                 17,681                                                                 0.050%

 Craig Preston (CFO)

                        13,142                                                          (7,515)                                                                         5,627                                                                  0.016%

 Isabel Urquhart (CPO)

                        5,420                                                           (3,099)                                                                         2,321                                                                  0.007%

 Eric Carter (CLO)

                        6,794                                                           (1,964)                                                                         4,830                                                                  0.014%

*excluding 133,485 Ordinary Shares held in treasury.

(A) payment to the Company, for the tax liabilities on the vesting of the
conditional share award, instead of withholding of shares.

 

The net amount of Shares received by two of the Directors and the Chief Legal
Officer, as shown in the table above, from the vested LTIP awards was after
payment of the associated tax liabilities.

 

No consideration was payable by each of the three Directors or by the other
PDMR to receive the Shares from these LTIP awards.

 

The net number of Shares from these vested LTIP awards received by each of the
three Directors and the other PDMR are subject to a two year post-vesting
holding period.

 

Following this transaction, Keith Neilson holds 3,076,603 Shares which is
8.69% of the issued share capital* of the Company, Craig Preston holds 93,230
Shares which is 0.263% of the issued share capital* of the Company, Isabel
Urquhart holds 12,879 Shares which is 0.036% of the issued share capital* of
the Company and Eric Carter holds 20,665 Shares which is 0.058% of the issued
share capital* of the Company.

 

Total Voting Rights

Following the vesting of these conditional share awards and also the vesting
of conditional share awards for certain other employees on 18 November 2024
and the earlier exercise of SAYE share options by employees, in the period
since 1 November 2024 the Company is transferring or has transferred a total
of 65,968 Ordinary Shares previously held in treasury to satisfy the
transactions. As a result, the Company's issued share capital now consists of
35,542,169 Ordinary Shares, of which 133,485 remain held in treasury.
Accordingly, the total number of Ordinary Shares in the Company with voting
rights is 35,408,684. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

 

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
   Vesting of conditional share award under the Craneware plc Long Term
Incentive Plan (2016)

 

 

d) Price(s) and volume(s)
                      Volume(s) released from vested
award 17,681,

Price(s) £0

 

e) Aggregated information:

                                    i. Aggregated volume
          17,681

 
 

                                    ii.
Price(s)                              £0

 
 

 

f) Date of the transaction
          2024-11-18

 

       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
1) Vesting of conditional share award under the Craneware plc

 
                      Long Term Incentive Plan (2016)

2) Surrender of Ordinary Shares to satisfy tax liabilities on vesting of
conditional share award

 

d) Price(s) and
volume(s)                            1) Volume(s)
released from vested award 13,142, Price(s) £0

2) Volumes(s) surrendered 7,515, Price(s) £22.25

e) Aggregated information:

                                    i. Aggregated volume
1) 13,142

 
                     2) 7,515

                                    ii.
Price(s)                     1)  £0

 
             2) £22.25

 

f) Date of the transaction
2024-11-18

 

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
1) Vesting of conditional share award under the Craneware plc

 
Long Term Incentive Plan (2016)

2) Surrender of Ordinary Shares to satisfy tax liabilities on   vesting of
conditional share award

 

d) Price(s) and
volume(s)                            1) Volume(s)
released from vested award 5,420, Price(s) £0

2) Volumes(s) surrendered 3,099, Price(s) £22.25

 

e) Aggregated information:

                        i. Aggregated volume
1) 5,420

 
             2) 3,099

                        ii. Price(s)
            1) £0

 
                          2) £22.25

 

f) Date of the transaction
2024-11-18

 

g) Place of the transaction
Outside a trading venue

 

 

PDMR notification: Eric Carter

 

1.   Details of the Restricted Person / person closely associated with him
or her

a)
Name
Eric Carter

 

2.   Reason for the notification

a) Position /
status
Chief Legal 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
1) Vesting of conditional share award under the Craneware plc

 
Long Term Incentive Plan (2016)

 2) Surrender of Ordinary Shares to satisfy tax liabilities on vesting of
conditional share award

 

d) Price(s) and
volume(s)                            1) Volume(s)
released from vested award 6,794, Price(s) £0

 
2) Volumes(s) surrendered 1,964, Price(s) £22.25

 

e) Aggregated information:

                        i. Aggregated volume
1) 6,794

 
             2) 1,964

                        ii. Price(s)
            1) £0

 
                          2) £22.25

 

f) Date of the transaction
2024-11-18

 

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 Strategic Communications (Financial
PR)                                   +44
(0)20 3405 0205

Caroline Forde, Kinvara Verdon, Sarah
Peters
craneware@almastrategic.com

Peel Hunt (NOMAD and Joint Broker)
 
+44 (0)20 7418 8900

Neil Patel, Benjamin Cryer, Kate Bannatyne

Investec Bank PLC (Joint
Broker)
+44 (0)20 7597 5970

Patrick Robb, Virginia Bull, Shalin Bhamra

Berenberg (Joint
Broker)
+44 (0)20 3207 7800

Mark Whitmore, Richard Andrews, Dan Gee-Summons

 

About Craneware

The Craneware Group (AIM:CRW.L), is the market leader in value cycle
solutions. For 25 years, we have collaborated with U.S. healthcare providers
to optimize revenue integrity, pricing intelligence, decision support, labor
productivity, business of pharmacy, and 340B program management. 

 

Customers choose Trisus(®), a HITRUST- and SOC2 Type II-certified, SaaS
platform, to achieve operational and financial excellence in pursuit of their
healthcare mission - delivering quality care to their communities. The
Craneware Group - Transforming the Business of Healthcare.

 

Learn more at www.thecranewaregroup.com

 

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