Kainos Group PLC

Director's Dealing • Jul 21, 2016

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RNS Number : 9237E

Kainos Group plc

21 July 2016

21 July 2016

Kainos Group plc

("Kainos" or the "Company)

Award of Shares under Share Incentive Plan and Directors' Dealings

The Company announces that on 20 July 2016, share awards (the "Awards") approved by the Board of Directors of the Company under the Company's HM Revenue and Customs approved Share Incentive Plan scheme (the "SIP"), in the form of 323,268 free ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") were provided to all eligible U.K. based employees of the Company, including the executive directors of the Company, or its subsidiaries.

Awards have been granted to the three executive directors and two PDMRs, over a total of 3,160 Ordinary Shares.

Name	Title	Number of Shares purchased by the SIP	Aggregate personal holding in Kainos following announcement*	Percentage personal holding in Kainos Ordinary Shares following announcement*
Brendan Mooney	CEO	632	14,110,241	11.93%
Richard McCann	CFO/COO	632	6,142,070	5.19%
Paul Gannon	Sales Director	632	9,134,461	7.72%
Brian Gannon	SVP Corporate Development	632	6,220,230	5.26%
Grainne Burns	Company Secretary	632	1,003,293	0.85%

*Includes SIP shares held in trust and 20 July 2016 SIP Awards, but excludes options or other rights to acquire Ordinary Shares.

Basis of Awards

Awards will be subject to the rules of the SIP. 

The level of award for each eligible employee is based on length of service with the Company (or its subsidiaries). Awards are held in trust for participants in the SIP by Yorkshire Building Society subject to the rules of the SIP and attendant trust deed. Generally, the Awards must be retained within the trust for a minimum of three years and are subject to the continued employment of the recipients for those three years, before they may be transferred into the name of the individual.

The number of shares subject to the Award was determined by using the average mid-market price for the five trading days before the date of the Award, this was 158.1p.

Following the allotment of the ordinary shares comprised in the July 2016 SIP Awards, the Company's total issued share capital will comprise 118,318,533 Ordinary Shares. 

Ends

For further information, please contact

Kainos	via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Brian Gannon, SVP Corporate Development
Investec Bank plc	+44 (0) 20 7597 5970
Dominic Emery / Sebastian Lawrence Patrick Robb / Matt Lewis
FTI Consulting LLP	+44 (0) 20 3727 1000
Matt Dixon / Chris Lane

Notes to Editors

Kainos Group plc is a high-growth UK-based provider of IT services, consulting and software solutions, specialising across multiple sectors in the development of digital technology solutions.  These include software design and agile software development, third-party software integration and implementation services, technology support services and related ancillary services such as project management.

Kainos operates through three divisions: Digital Services, which delivers full system developments of customised online digital solutions; Evolve, the UK market leader in the digitisation of patient notes in the Acute sector of the NHS; and Workday Implementation Services, the only boutique partner for Workday, Inc. headquartered in the UK, responsible for implementing Workday's innovative Software-as-a-Service platform for enterprise customers.

Headquartered in Belfast, Northern Ireland, Kainos employs approximately 750 staff across seven offices (Belfast, Derry, Dublin, London, Bristol, Gdansk and Boston). Kainos is listed on the Main Market of the London Stock Exchange (KNOS). For further information please visit the company website: https://www.kainos.com/ 

This information is provided by RNS

The company news service from the London Stock Exchange

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