CRW.L

Craneware Plc
Craneware plc - Director/PDMR Dealings
11th September 2024, 14:45
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RNS Number : 8304D
Craneware plc
11 September 2024
 

Not for publication, distribution or release, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or Republic of South Africa or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)

Price(s)

Volume(s)

£22.00

 

 

423,750

 

 

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)

Price(s)

Volume(s)

£22.00

 

 

24,000 

 

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)

Price(s)

Volume(s)

£22.00

 

 

2,250 

 

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.

 

 

 

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