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. 

*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