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On 11 September 2024, Craneware plc announced that certain Directors, PDMRs, and a shareholder agreed to sell an aggregate of 850,000 ordinary shares. These shares, representing approximately 2.4% of the existing issued share capital, are being sold at £22.00 per share, with settlement expected around 16 September 2024; Craneware plc will not receive any proceeds. Following the sale, CEO Keith Neilson and co-founder Gordon Craig have agreed to a 365-day lock-up period on their remaining ordinary shares.
| Date | 11 Sept 2024 |
| Time | 15:45:24 |
| Category | Director/PDMR dealings |
| ID | 8304D |
Not for publication, distribution or release, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
11 September 2024
Craneware plc
("Craneware" or the "Company" or the "Group")
Director/PDMR Dealings
Craneware announces that, it has been notified by certain Directors, PDMRs and a shareholder of the Company (the "Selling Shareholders"), that they have agreed to sell, subject to completion, an aggregate 850,000 ordinary shares of £0.01 each ("Ordinary Shares") in the Company (the "Sale Shares") at a price of £22.00 per Placing Share (the "Sale"). The Sale Shares represent approximately 2.4 per cent. of the existing issued share capital of the Company (excluding Ordinary Shares held in treasury).
The Sale Shares to be sold by each Selling Shareholder is as follows:
|
Full Name |
Position |
Director/ PDMR |
Current Shareholding |
Ordinary Shares Sold |
Resultant Shareholding |
% of Issued Share Capital (excluding Ordinary Shares held in treasury) |
|
Keith Neilson |
Chief Executive Officer |
Director |
3,467,707 |
423,750 |
3,043,957 |
8.67% |
|
Craig Preston |
Chief Financial Officer |
Director |
100,417 |
24,000 |
76,417 |
0.22% |
|
Issy Urquhart |
Chief People Officer |
Director |
11,495 |
2,250 |
9,245 |
0.03% |
|
Derek Paterson |
Chief Information Officer |
- |
651,301 |
90,000 |
561,301 |
1.60% |
|
Mark Montgomery |
Chief Marketing Officer |
- |
34,141 |
25,000 |
9,141 |
0.03% |
|
Gordon Craig |
- |
- |
2,340,756 |
285,000 |
2,055,756 |
5.86% |
Following the completion of the Sale, Keith Neilson (Chief Executive Officer of the Company) and Gordon Craig (Co-Founder and shareholder of the Company) have agreed not to sell or otherwise dispose of any of their holdings of Ordinary Shares for 365 days, except with the prior written consent of Peel Hunt LLP ("Peel Hunt") or in respect of the exercise or net exercise or grant of share based awards pursuant to the Company's existing share schemes. The other Selling Shareholders will not be subject to a lock-up.
The proceeds of the Sale are payable in cash and will be settled on a T+3 basis (unless otherwise agreed), and settlement of the Sale is expected to occur on or about 16 September 2024.
The Company will not receive any proceeds from the Sale.
For further information, please contact:
|
Craneware plc |
+44 (0)131 550 3100 |
|
Keith Neilson, CEO |
|
|
Craig Preston, CFO |
|
|
|
|
|
Peel Hunt |
+44 (0)20 7418 8900 |
|
Neil Patel, Benjamin Cryer, Kate Bannatyne Sohail Akbar |
|
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.craneware.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Keith Neilson |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Executive 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 Identification code |
Ordinary shares of 1p each in the capital of Craneware plc
ISIN GB00B2425G68 |
||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
||||
|
e) |
Date of the transaction |
11 September 2024 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, XLON |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Craig Preston |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Chief Financial 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 Identification code |
Ordinary shares of 1p each in the capital of Craneware plc
ISIN GB00B2425G68 |
||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
||||
|
e) |
Date of the transaction |
11 September 2024 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, XLON |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Issy 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 Identification code |
Ordinary shares of 1p each in the capital of Craneware plc
ISIN GB00B2425G68 |
||||
|
b) |
Nature of the transaction |
Sale of Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
N/A - Single Transaction |
||||
|
e) |
Date of the transaction |
11 September 2024 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, XLON |
||||
Peel Hunt is authorised and regulated by the Financial Conduct Authority. Peel Hunt is acting for the Selling Shareholders only in connection with the Sale and no one else, and will not be responsible to anyone other than the Selling Shareholders for providing the protections offered to clients nor for providing advice in relation to the Sale Shares or the Sale, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.