2 October 2020 - The Board of Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces that on 2 October 2020, 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 which a conditional share award was granted | Percentage of issued share capital |
Keith Neilson (CEO) | 43,176 | 0.16% |
Craig Preston (CFO) | 32,093 | 0.12% |
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 2021, one third based on performance over the three years ending 30 June 2022 and the final third based on performance over the three years to 30 June 2023 - 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.
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 (2016) | |
d) Price(s) and volume(s) | Volume(s) granted 43,176, Price(s) £0 | |
e) Aggregated information: | ||
i. Aggregated volume | Aggregate volume granted 43,176 | |
ii. Price | Price(s) £0 | |
f) Date of the transaction | 2020-10-02 | |
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 32,093, Price(s) £0 | |
e) Aggregated information: | ||
i. Aggregated volume | Aggregate volume granted 32,093 | |
ii. Price | Price(s) £0 | |
f) Date of the transaction | 2020-10-02 | |
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 |
Peel Hunt (NOMAD and Joint Broker) +44 (0)20 7418 8900 Dan Webster George Sellar Andrew Clark |
Investec Bank (Joint Broker) +44 (0)20 7597 5970 Patrick Robb Sebastian Lawrence Henry Reast |
Alma (Financial PR) +44 (0)203 405 0205 Caroline Forde Robyn Fisher Helena Bogle |
About Craneware
Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. Founded in 1999, Craneware is headquartered in Edinburgh, Scotland with offices in Atlanta and Pittsburgh employing over 350 staff. Craneware's value cycle management suite includes charge capture, strategic pricing, patient engagement, claims analytics, revenue recovery and retention, and cost and margin intelligence solutions.
Learn more at www.craneware.com
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Craneware plc published this content on 02 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 October 2020 17:34:05 UTC