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Appointment of a Director

The board of Craneware is pleased to announce the appointment of Craig Preston as Finance Director with effect from 15 September 2008.

Craig comes with experience in senior financial roles within publicly quoted technology companies with exposure to UK, US and global markets. His most recent appointments being Group Director of Finance and Company Secretary at Intec Telecom Systems from 2004-2007 and Corporate Development Manager at London Bridge Software plc from 2000-2004 including the role of Chief Financial Officer with the acquisition target Phoenix International Inc the NASDAQ quoted software company 2001-2002.

Craig Thomas Preston (aged 37) has no current directorships or partnerships. The directorships he has held over the five years preceding the date of this appointment are as follows:

  • Independent Technology Systems (India) Pvt Limited,
  • Independent Technology Systems SL Unipersonal,
  • Intec Telecom Systems Denmark A/S

As at the date of this announcement, Mr Preston has no interest in the ordinary share capital of the Company. However, on his appointment, he was granted options over 72,115 ordinary shares with an exercise price of 2.08p. The vesting of these options is governed by the achievement of certain performance targets set by the Craneware Remuneration Committee.

There are no other matters which are required to be announced as required under paragraph (g) of Schedule 2 of the AIM Rules.

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 craneware.com.