Grant of Options

RNS Number : 8783O

Craneware plc

26 September 2011

 



Craneware plc

("Craneware" or the "Company")

Grant of Options

26 September 2011 - The Board of Craneware plc (AIM: CRW.L), the market leader in automated revenue integrity solutions for the US healthcare market, announces that on 23 September 2011, 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)	70,869	0.26
Craig Preston (Chief Financial Officer)	42,853	0.16

The above options have been granted at an exercise price of 561p per share (being the closing mid-market price on 23 September 2011). 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 2012, one third on or after 30 June 2013 and the final third on or after 30 June 2014. The share options will not become exercisable until three years from the date of the grant.

For further information, please contact:

Craneware plc	Peel Hunt	Threadneedle Communications
[phone]	[phone]	[phone]
Keith Neilson, CEO	Dan Webster	Caroline Evans-Jones
Craig Preston, CFO	Richard Kauffer	Fiona Conroy

About Craneware

Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Atlanta,   Boston, Nashville and Scottsdale 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 and stoptheleakage.com.

 

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