TIDMKNOS
RNS Number : 6382T
Kainos Group plc
04 July 2018
4 July 2018
Kainos Group plc
("Kainos" or the "Company)
Director / PDMR shareholdings
The Company announces that on 4 July 2018, share awards (the
"Awards") approved by the Board of Directors of the Company
under:
(i) the Kainos Group Performance Share Plan (the "PSP Awards"),
in the form of nominal value options over Ordinary Shares were
awarded to executive directors and executive managers of the
Company. The PSP Awards vest, other than in exceptional
circumstances, over a three year period from 4 July 2018. The
performance conditions associated with the PSP Awards are as
follows:
(a) 50% of each PSP Award is subject to a performance condition
based on the Company's Earnings Per Share ("EPS") Growth measured
over the three financial years commencing 1 April 2018. This
portion of the PSP Award will:
-- not vest at all if EPS Growth over the measurement period is less than 9%;
-- vest in respect of 30% if EPS Growth over the measurement period is 9%;
-- vest in full if EPS Growth over the measurement period is 16% or higher;
-- vest proportionately, calculated on a straight line basis if
EPS Growth over the measurement period is higher than 9% but less
than 16%.
(b) 50% of each PSP Award is subject to a performance condition
based on the Company's Total Shareholder Return ("TSR") Growth per
ordinary share measured over the period of three years commencing 4
July 2018. This portion of the PSP Award will:
-- not vest at all if TSR Growth over the measurement period is less than 9%;
-- vest in respect of 30% if TSR Growth over the measurement period is 9%;
-- vest in full if TSR Growth over the measurement period is 16% or higher;
-- vest proportionately, calculated on a straight line basis if
TSR Growth over the measurement period is higher than 9% but less
than 16%.
(ii) Kainos Group plc SAYE Plan (the "SAYE Awards"), in the form
of options at 20% discount to market value were awarded to all
staff including executive directors and executive managers of the
Company.
Notification and public disclosure of transactions by persons
discharging
managerial responsibilities and persons closely associated with
them.
(A19 Market Abuse Regulation)
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Brendan Mooney
------------------------------ -----------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
a. Position/status CEO
------------------------------ -----------------------------------------
b. Initial notification Initial
/Amendment
------------------------------ -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a. Name Kainos Group plc
------------------------------ -----------------------------------------
b. LEI 213800H2PQMIF3OVZY47
------------------------------ -----------------------------------------
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 Options over Ordinary Shares of GBP0.005
the each
Financial instrument/
type of instrument KNOS
Identification
code
------------------------------ -----------------------------------------
b. Nature of the transaction PSP Share Awards 2018
------------------------------ -----------------------------------------
c. Price(s) and volume(s) PSP Award
Exercise Price(s) Volume(s)
----------
GBP0.005 17,621
----------
------------------------------ -----------------------------------------
d. Aggregated information
* Aggregated volume N/A
* Price
------------------------------ -----------------------------------------
e. Date of the transaction 2018-07-04
------------------------------ -----------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------ -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Richard McCann
------------------------------ ------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a. Position/status CFO/COO
------------------------------ ------------------------------------------------
b. Initial notification Initial
/Amendment
------------------------------ ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a. Name Kainos Group plc
------------------------------ ------------------------------------------------
b. LEI 213800H2PQMIF3OVZY47
------------------------------ ------------------------------------------------
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 Options over Ordinary Shares of GBP0.005
the each
Financial instrument/
type of instrument KNOS
Identification
code
------------------------------ ------------------------------------------------
b. Nature of the transaction PSP and SAYE Share Awards 2018
------------------------------ ------------------------------------------------
c. Price(s) and volume(s) SAYE Award(1)
Exercise Price(s) Volume(s)
----------
GBP3.3627 1,070
----------
PSP Award(2)
Exercise Price(s) Volume(s)
----------
GBP0.005 19,552
----------
1. Subject to a 3 year vesting period other
than in exceptional circumstances.
2. Subject to the PSP Awards vesting criteria.
------------------------------ ------------------------------------------------
d. Aggregated information
* Aggregated volume N/A
* Price
------------------------------ ------------------------------------------------
e. Date of the transaction 2018-07-04
------------------------------ ------------------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Paul Gannon
------------------------------ ------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a. Position/status Sales Director
------------------------------ ------------------------------------------------
b. Initial notification Initial
/Amendment
------------------------------ ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a. Name Kainos Group plc
------------------------------ ------------------------------------------------
b. LEI 213800H2PQMIF3OVZY47
------------------------------ ------------------------------------------------
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 Options over Ordinary Shares of GBP0.005
the each
Financial instrument/
type of instrument KNOS
Identification
code
------------------------------ ------------------------------------------------
b. Nature of the transaction PSP and SAYE Share Awards 2018
------------------------------ ------------------------------------------------
c. Price(s) and volume(s) Options Award (equivalent
to UK SAYE)(1, 2)
Exercise Price(s) Volume(s)
----------
GBP3.3627 1,070
----------
PSP Award(3)
Exercise Price(s) Volume(s)
----------
GBP0.005 15,690
----------
1. Subject to 3 year vesting period other
than in exceptional circumstances.
2. Mr Gannon's option awards are under
an unapproved option scheme in Republic
of Ireland to replicate SAYE awards to
U.K. staff.
3. Subject to the PSP Awards vesting criteria.
------------------------------ ------------------------------------------------
d. Aggregated information
* Aggregated volume N/A
* Price
------------------------------ ------------------------------------------------
e. Date of the transaction 2018-07-04
------------------------------ ------------------------------------------------
f. Place of the transaction Outside a Trading Venue
------------------------------ ------------------------------------------------
Ends
For further information, please contact:
Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer
Investec Bank plc +44 20 7597 5970
Patrick Robb / Sebastian Lawrence
Canaccord Genuity +44 20 7523 4606
Simon Bridges / Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Jamie Ricketts
About Kainos
Kainos Group plc is a UK-based provider of Digital Services and
Digital Platforms.
The Group's Digital Services include full lifecycle development
and support of customised Digital Services for government and
commercial customers. Kainos is also the leading European partner
for Workday Inc. ('Workday') responsible for implementing Workday's
innovative Software-as-a-Service (SaaS) platform for enterprise
and, now, government customers.
The Group's Digital Platforms comprise specialised digital
products in the mobile healthcare and automated testing arenas.
Smart is an automated testing platform for Workday customers;
Evolve Electronic Medical Records ('EMR') is the market leading
product for the digitisation of patient notes in the Acute sector
of the NHS; and Evolve Integrated Care ('IC') is a SaaS-based
integrated care platform for the NHS and international healthcare
providers; and Smart is an automated testing platform for Workday
customers.
Kainos has over 1,150 people across eleven offices in Europe and
the USA, working interchangeably across its Services and Platforms
divisions.
Kainos is listed on the London Stock Exchange (LSE: KNOS). For
further information, please visit www.kainos.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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