Last checked at 8 Sep 2010 07:00
Craneware plc
("Craneware" or the "Company")
Directors Shareholding & Grant of Options
8 September 2010 - The Board of Craneware plc (AIM: CRW.L; OTC: CRWRY), the market leader in automated revenue integrity solutions for the US healthcare market, has been informed that two Directors in the Company yesterday made the following transactions in ordinary shares of 1p each in the Company ("Ordinary Shares"):
| Director | No. of Ordinary Shares purchased | Price | No. of Ordinary Shares post purchase | Percentage held post purchase |
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| Keith Neilson (Chief Executive Officer) | 9,000 | 400.0p | 3,407,044 | 13.43 |
| Neil Heywood (Non-Executive Director) | 2,430 | 411.5p | 130,356 | 0.51 |
The Board also announces that on 6 September 2010, the Remuneration Committee approved the granting of share options to certain Directors to subscribe for ordinary shares of 1p each in the Company as follows:
| Director | No. of options granted | Percentage of issued share capital |
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| Keith Neilson (Chief Executive Officer) | 40,150 | 0.16 |
| Craig Preston (Chief Financial Officer) | 35,162 | 0.14 |
The above options have been granted at an exercise price of 401p per share (being the closing mid-market price on 6 September 2010). These options will be subject to performance criteria, such that they vest in three equal tranches over three years. One third of the share options will vest on or after 30 June 2011, one third on or after 30 June 2012 and the final third on or after 30 June 2013. The share options will not become exercisable until three years from the date of the grant.
For further information, please contact:
| Craneware plc | KBC Peel Hunt | Threadneedle Communications |
| +44 (0)1506 407 666 | +44 (0)20 7418 8900 | +44 (0)20 7653 9850 |
| Keith Neilson, CEO | Jonathan Marren | Caroline Evans-Jones |
| Craig Preston, CFO | Richard Kauffer | Fiona Conroy |
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| Dan Webster |
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About Craneware
Founded in 1999, Craneware has headquarters in Livingston, Scotland with offices in Atlanta and Arizona, employing over 140 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance and mitigate risk for healthcare organisations. Craneware's market-driven, annuity SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. These optimise reimbursement, increase operational efficiency and minimize compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com & stoptheleakage.com.