REG - Craneware plc - Grant of Long Term Incentive Plan Awards

CranewareAnnouncement

17/09/2024 16:45

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RNS Number : 5730E  Craneware plc  17 September 2024

 

Craneware plc

("Craneware" or the "Company")

 

Grant of Long Term Incentive Plan Awards

 

17 September 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 16 September 2024, 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
and to the Company's Chief Legal Officer who is also considered to be a person
discharging managerial responsibilities ("PDMR") as follows:

 

 Director / other PDMR                 No. of Shares over which a conditional share award was granted  Percentage of issued share capital of the Company*
 Keith Neilson (Director & CEO)        24,551                                                          0.070%
 Craig Preston (Director & CFO)        19,506                                                          0.055%
 Isabel Urquhart (Director & CPO)      12,645                                                          0.036%
 Eric Carter (CLO)                     8,562                                                           0.024%

          *excluding 223,264 Ordinary Shares held in treasury.

 

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 award holder'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 financial years ending on 30 June 2025, one third
based on performance over the three financial years to 30 June 2026 and the
final third based on performance over the three financial years to 30 June
2027 - 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.

 

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
Grant of conditional share award under the Craneware plc

 
Long Term Incentive Plan (2022)

 

d) Price(s) and
volume(s)
Volume(s) granted 24,551, Price(s) £0

 

e) Aggregated information:

                                    i.
Aggregated volume                Aggregate volume granted
24,551

                                    ii.
Price
Price(s) £0

 

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
Grant of conditional share award under the Craneware plc

 
Long Term Incentive Plan (2022)

 

d) Price(s) and
volume(s)
Volume(s) granted 19,506, Price(s) £0

 

e) Aggregated information:

                                    i.
Aggregated volume                Aggregate volume granted
19,506

                                    ii.
Price
Price(s) £0

 

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
Grant of conditional share award under the Craneware plc

 
Long Term Incentive Plan (2022)

 

d) Price(s) and
volume(s)
Volume(s) granted 12,645, Price(s) £0

 

e) Aggregated information:

                                    i.
Aggregated volume                Aggregate volume granted
12,645

                                    ii.
Price
Price(s) £0

 

f) Date of the transaction
           2024-09-16

 

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
Grant of conditional share award under the Craneware plc

 
Long Term Incentive Plan (2022)

 

d) Price(s) and
volume(s)
Volume(s) granted 8,562, Price(s) £0

 

e) Aggregated information:

                                    i.
Aggregated volume                Aggregate volume granted 8,562

                                    ii.
Price
Price(s) £0

 

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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