Director/PDMR Shareholding
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Craneware announces that, it has been notified by certain Directors, PDMRs and a shareholder of the Company (the "Selling Shareholders"), that they have agreed to sell, subject to completion, an aggregate 850,000 ordinary shares of £0.01 each ("Ordinary Shares") in the Company (the "Sale Shares") at a price of £22.00 per Placing Share (the "Sale"). The Sale Shares represent approximately 2.4 per cent. of the existing issued share capital of the Company (excluding Ordinary Shares held in treasury).
The Sale Shares to be sold by each Selling Shareholder is as follows:
| Full Name | Position | Director/ PDMR | Current Shareholding | Ordinary Shares Sold | Resultant Shareholding | % of Issued Share Capital (excluding Ordinary Shares held in treasury) |
|---|---|---|---|---|---|---|
| Keith Neilson | Chief Executive Officer | Director | 3,467,707 | 423,750 | 3,043,957 | 8.67% |
| Craig Preston | Chief Financial Officer | Director | 100,417 | 24,000 | 76,417 | 0.22% |
| Issy Urquhart | Chief People Officer | Director | 11,495 | 2,250 | 9,245 | 0.03% |
| Derek Paterson | Chief Information Officer | - | 651,301 | 90,000 | 561,301 | 1.60% |
| Mark Montgomery | Chief Marketing Officer | - | 34,141 | 25,000 | 9,141 | 0.03% |
| Gordon Craig | - | - | 2,340,756 | 285,000 | 2,055,756 | 5.86% |
Following the completion of the Sale, Keith Neilson (Chief Executive Officer of the Company) and Gordon Craig (Co-Founder and shareholder of the Company) have agreed not to sell or otherwise dispose of any of their holdings of Ordinary Shares for 365 days, except with the prior written consent of Peel Hunt LLP ("Peel Hunt") or in respect of the exercise or net exercise or grant of share based awards pursuant to the Company's existing share schemes. The other Selling Shareholders will not be subject to a lock-up.
The proceeds of the Sale are payable in cash and will be settled on a T+3 basis (unless otherwise agreed), and settlement of the Sale is expected to occur on or about 16 September 2024.
The Company will not receive any proceeds from the Sale.
Learn more at www.craneware.com
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Keith Neilson | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Craneware plc | ||||
| b) | LEI | 213800O2CTJ1YFXNXG05 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p each in the capital of Craneware plc ISIN GB00B2425G68 | ||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A - Single Transaction | ||||
| e) | Date of the transaction | 11 September 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, XLON | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Craig Preston | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Craneware plc | ||||
| b) | LEI | 213800O2CTJ1YFXNXG05 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p each in the capital of Craneware plc ISIN GB00B2425G68 | ||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A - Single Transaction | ||||
| e) | Date of the transaction | 11 September 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, XLON | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Issy Urquhart | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief People Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Craneware plc | ||||
| b) | LEI | 213800O2CTJ1YFXNXG05 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1p each in the capital of Craneware plc ISIN GB00B2425G68 | ||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | N/A - Single Transaction | ||||
| e) | Date of the transaction | 11 September 2024 | ||||
| f) | Place of the transaction | London Stock Exchange, XLON |
Peel Hunt is authorised and regulated by the Financial Conduct Authority. Peel Hunt is acting for the Selling Shareholders only in connection with the Sale and no one else, and will not be responsible to anyone other than the Selling Shareholders for providing the protections offered to clients nor for providing advice in relation to the Sale Shares or the Sale, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.