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Directors Shareholding

8 September 2010 – The Board of Craneware plc (AIM: CRW.L; OTC: CRWRY), the market leader in automated revenue integrity solutions for the US healthcare market, has been informed that two Directors in the Company yesterday made the following transactions in ordinary shares of 1p each in the Company (“Ordinary Shares”):

Director No. of Ordinary Shares purchased Price No. of Ordinary Shares post purchase Percentage held post purchase
Keith Neilson (Chief Executive Officer) 9,780 450.0p 3,416,824 13.47
Neil Heywood (Non-Executive Director) 2,430 411.5p 130,356 0.51

The Board also announces that on 6 September 2010, 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) 40,150 0.16
Craig Preston (Chief Financial Officer) 35,162 0.14

The above options have been granted at an exercise price of 401p per share (being the closing mid-market price on 6 September 2010). 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 2011, one third on or after 30 June 2012 and the final third on or after 30 June 2013. 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
  • Oliver Scott
  • Nicholas Marren

Newgate Threadneedle

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

About Craneware

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

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