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Grant of Options

23 September 2014 – The Board of Craneware plc (AIM: CRW.L), the market leader in automated revenue integrity solutions of the US healthcare market, announces that on 22 September 2014, 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)

39,090

0.15

Craig Preston (Chief Financial Officer)

36,808

0.14

The above options have been granted at an exercise price of 522.5p per share (being the closing market price on 22 September 2014). 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 2015, one third on or after 30 June 2016 and the final third on or after 30 June 2017. The share options will not become exercisable until three years from the date of the grant.

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
  • Dan Webster
  • Richard Kauffer

Newgate Threadneedle

  • +44 (0) 20 7653 9850
  • Caroline Forde
  • Tim Thompson
  • Heather Armstrong
  • Edward Treadwell
 

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.