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Grant of Options

11 September 2013 – The Board of Craneware plc (AIM: CRW.L), the market leader in automated revenue integrity solutions of the US healthcare market, announces that on 10 September 2013, 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
Keith Neilson (Chief Executive Officer) 51,708 0.19
Craig Preston (Chief Financial Officer) 48,689 0.18

The above options have been granted at an exercise price of 395p per share (being the closing market price on 10 September 2013). 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 2014, one third on or after 30 June 2015 and the final third on or after 30 June 2016. The share options will not become exercisable until three years from the date of the grant.

For further information, please contact:

Craneware plc

Peel Hunt

  • +44 (0) 20 7418 8900
  • Dan Webster
  • Richard Kauffer

Newgate Threadneedle

  • +44 (0) 20 7653 9850
  • Caroline Evans-Jones
  • Fiona Conroy
  • Heather Armstrong
 

About Craneware

Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Atlanta, Arizona, Massachusetts and Tennessee employing over 200 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance for healthcare organisations. Craneware’s market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge, code and retain earned revenue for patient care services and supplies. This optimises reimbursement, increases operational efficiency and minimises compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.