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Total Voting Rights and Director/PDMR Shareholding

Craneware plc

(the “Company” or “Group”)

Purchase of Own Shares, Total Voting Rights and Director/PDMR Shareholding

The Company announces that, further to the announcement made by the Company on 23 January 2018 regarding the results of the Share Buyback, the Company purchased 628,869 Ordinary Shares at a price of £17.69 per Ordinary Share. In accordance with the intention outlined in the Share Buyback announcement dated 16 January 2018 (the “Share Buyback Announcement“), these 628,869 Ordinary Shares have been cancelled (and none has been transferred to treasury).

Following the cancellation of these Ordinary Shares, the Company’s issued share capital consists of 26,332,840 Ordinary Shares. There are currently no Ordinary Shares held in treasury.

The total number of voting rights in Craneware plc is therefore 26,332,840 as at 25 January 2018. 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, Craneware plc, under the Disclosure Guidance and Transparency Rules or the Market Abuse Regulation (EU) No. 596/2014.

As set out in Appendix 1, Keith Neilson and George Elliott, both directors of the Company, sold Ordinary Shares in the Share Buyback. Mr Neilson’s share sale constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules. The independent directors of Craneware plc (being Craig Preston, Ron Verni, Colleen Blye and Russ Rudish) are of the opinion that Mr Neilson’s share sale, having consulted with the Company’s nominated adviser, Peel Hunt LLP, is fair and reasonable insofar as the Company’s shareholders are concerned.

Capitalised terms used in this announcement have the same meaning as ascribed to them in the Share Buyback Announcement made on 16 January 2018.

 

For further information, please contact:
Craneware plc
Keith Neilson +44 (0)131 550 3100
Craig Preston
Peel Hunt LLP
Rory James-Duff (ECM) +44 (0)20 7418 8900
Dan Webster
George Sellar
Alma PR
Caroline Forde +44 (0)208 004 4218
Hilary Buchanan
Robyn Fisher

 

Appendix 1

1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Keith Neilson
2. Reason for the notification
a) Postition/Status: Chief Executive Officer
b) Initial Notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monito
a) Name: Craneware plc5
b) LEI: 213800O2CTJ1YFXNXG05
4. Details of 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: Ordinary Shares
Identification code: ISIN GB00B2425G68
b) Nature of the transaction: Sale of Ordinary Shares
c) Price(s) and volume(s): Price(s) Volume(s)
£17.69 111,000
d) Aggregated price(s) and volume(s): Price(s) Volume(s)
£17.69 111,000
e) Date of the Transaction: 22 January 2018
f) Place of the Transaction: London Stock Exchange, AIM Market (XLON)

 

1. Details of the person discharging managerial responsibilities/person closely associated
a) Name George Elliott
2. Reason for the notification
a) Postition/Status: Chairman and Non-executive Director
b) Initial Notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monito
a) Name: Craneware plc5
b) LEI: 213800O2CTJ1YFXNXG05
4. Details of 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: Ordinary Shares
Identification code: ISIN GB00B2425G68
b) Nature of the transaction: Sale of Ordinary Shares
c) Price(s) and volume(s): Price(s) Volume(s)
£17.69 5,650
d) Aggregated price(s) and volume(s): Price(s) Volume(s)
£17.69 5,6500
e) Date of the Transaction: 22 January 2018
f) Place of the Transaction: London Stock Exchange, AIM Market (XLON)