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Vesting of Long Term Incentive Plan Award

26 March 2020 – The Board of Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, announces that on 24 March 2020 , under the terms of the Craneware plc Long Term Incentive Plan (2016) (“LTIP”), a conditional award of ordinary shares of 1p each in the Company (“Shares”) which was granted to a Director of the Company on 24 March 2017, vested following the satisfaction of certain performance conditions.

Craig Preston, a Director and CFO of the Company, received a net amount of 3,824 Shares, which is 0.01% of the issued share capital of the Company, from the vested LTIP award after deduction of the associated tax liabilities. No consideration was payable by Craig Preston to receive the Shares from this LTIP award.

Following this transaction, Craig Preston holds 85,927 Shares which is 0.32% of the issued share capital of the Company.

PDMR notification: Craig Preston

1. Details of the Restricted Person / person closely associated with him or her
a) Name Craig Preston

2. Reason for the notification
a) Position / status CFO
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
Ordinary shares of 1p each in the capital of Craneware plc
b) Identification code
ISIN GB00B2425G68
c) Nature of the transaction
Vesting of conditional share award under the Craneware plc Long Term Incentive Plan (2016)
d) Price(s) and volume(s)
Volume(s) released from vested award 3,824, Price(s) £0
e) Aggregated information:
i. Aggregated volume
Aggregate volume released 3,824
ii. Price
Price(s) £0
f) Date of the transaction
2020-03-24
g) Place of the transaction
Outside a trading venue

For further information, please contact

Craneware plc
Keith Neilson, CEO / Craig Preston, CFO
+44 (0)131 550 3100
Peel Hunt (NOMAD and Joint Broker)
Dan Webster / George Sellar / Andrew Clark
+44 (0)20 7418 8900
Investec Bank (Joint Broker)
Patrick Robb / Sebastian Lawrence / Henry Reast
+44 (0)20 7597 5970
Alma (Financial PR)
Caroline Forde / Hilary Buchanan / Helena Bogle
+44 (0)203 405 0205

About Craneware

Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. Founded in 1999, Craneware is headquartered in Edinburgh, Scotland with offices in Atlanta and Pittsburgh employing over 350 staff. Craneware’s value cycle management suite includes charge capture, strategic pricing, patient engagement, claims analytics, revenue recovery and retention, and cost and margin intelligence solutions.

Learn more at www.craneware.com