REG - Craneware plc - Exercise of Share Options

CranewareAnnouncement

18/09/2024 07:00

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RNS Number : 5952E  Craneware plc  18 September 2024

 

Craneware plc

("Craneware" or the "Company")

 

Exercise of Share Options

 

18 September 2024 - The Board of Craneware plc (AIM: CRW.L), the market leader
in Value Cycle solutions for the US healthcare market, announces that on 16
September 2024, the three Executive Directors of the Company exercised share
options over ordinary shares of 1p each in the Company ("Ordinary Shares") in
accordance with the terms of the Company's relevant employee share option
plans. The net amount of Ordinary Shares received by these three Directors, as
shown in the table below, from the exercise of these share options was after
settlement of the exercise cost and applicable income tax and national
insurance contributions:

 

 Director                Share Option Exercise price per share  Number of Ordinary Shares subject to the share option  Number of Ordinary Shares withheld to satisfy exercise cost and tax  Net number of Ordinary Shares received from exercise of share option  Percentage of issued share capital* of the Company

                                                      liabilities on exercise of share option

 Keith Neilson (CEO)     £5.225                                 39,090                                                 (24,125)                                                             14,965                                                                0.042%

 Craig Preston (CFO)     £7.50                                  26,925                                                 (17,991)                                                             8,934                                                                 0.025%

                         £12.375                                8,586                                                  (6,334)                                                              2,252                                                                 0.006%

 Isabel Urquhart (CPO)   £12.375                                3,660                                                  (2,347)                                                              1,313                                                                 0.004%

   *excluding 199,892 Ordinary Shares held in treasury (refer to Total
Voting Rights section below).

 

Following these transactions, Keith Neilson holds 3,058,922 Ordinary Shares,
 representing 8.66% of the total voting rights of the Company, Craig Preston
holds 87,603 Ordinary Shares, representing 0.25% of the total voting rights of
the Company and Isabel Urquhart holds 10,558 Ordinary Shares, representing
0.03% of the total voting rights of the Company. The total voting rights of
the Company are described below.

 

Total Voting Rights

 

Following the share option exercise transactions and also the exercise of
share options by certain other employees on 16 September 2024, the Company is
transferring a total of 23,372 Ordinary Shares previously held in treasury to
satisfy share option exercise transactions.

As a result, the Company's issued share capital now consists of 35,542,169
Ordinary Shares, of which 199,892 remain held in treasury. Accordingly, the
total number of Ordinary Shares in the Company with voting rights is
35,342,277. 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.

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:

 

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                                1)
Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities
on share option exercise

 

d) Price(s) and
volume(s)
1) Volume(s) 39,090, Price(s) £5.225

 
2) Volumes(s) 24,125, Price(s) £22.30

 

e) Aggregated
information:

                                    i.
Aggregated volume                1) 39,090

 
2) 24,125

                                    ii.
Price
1) £5.225

 
2) £22.30

 

f) Date of the transaction
           2024-09-16

 

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)
Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities
on share option

 

d) Price(s) and
volume(s)
1) Volume(s) 26,925, Price(s) £7.50

 
2) Volumes(s) 17,991, Price(s) £22.30

 

e) Aggregated information:

                                    i.
Aggregated volume                1) 26,925

 
2) 17,991

                                    ii.
Price
1) £7.50

 
2) £22.30

 

f) Date of the transaction
           2024-09-16

 

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)
Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities
on share option

 

d) Price(s) and
volume(s)
1) Volume(s) 8,586, Price(s) £12.375

 
2) Volumes(s) 6,334, Price(s) £22.30

 

e) Aggregated information:

                                    i.
Aggregated volume                1) 8,586

 
2) 6,334

                                    ii.
Price
1) £12.375

 
2) £22.30

 

f) Date of the transaction
           2024-09-16

 

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)
Exercise of options over Ordinary Shares

2) Surrender of Ordinary Shares to satisfy exercise cost and tax liabilities
on share option exercise

 

d) Price(s) and
volume(s)
1) Volume(s) 3,660, Price(s) £12.375

 
2) Volumes(s) 2,347, Price(s) £22.30

 

e) Aggregated information:

                                    i.
Aggregated volume                1) 3,660

 
2) 2,347

                                    ii.
Price
1) £12.375

 
2) £22.30

 

f) Date of the transaction
           2024-09-16

 

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                   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, Henry Reast, 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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