Kainos Group PLC — Director's Dealing 2016

Jun 30, 2016

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RNS Number : 8717C

Kainos Group plc

30 June 2016

30 June 2016

Kainos Group plc

("Kainos" or the "Company)

2016 LTIP Awards

The Company announces that on 23 June 2016 share awards (the "Awards") approved by the Board of Directors of the Company under the Kainos Group Performance Share Plan (the "PSP"), in the form of nominal value options over ordinary shares of 0.5 pence each in the Company ("Ordinary Shares") were awarded  to Executive Directors and PDMRs of the Company.

Awards have been granted to the three Executive Directors and two PDMRs, over a total of 250,962 ordinary shares.

Name	Title	Number of Shares
Brendan Mooney	CEO	56,410
Richard McCann	CFO/COO	62,500
Paul Gannon	Sales Director	50,000
Brian Gannon	Corporate Development Director	32,052
Grainne Burns	Company Secretary	50,000

Performance Conditions and Vesting of Awards

Awards will be subject to the rules of the PSP and the following conditions: 

(i)         Fifty per cent (50%) of the Award will be subject to earnings per share ("EPS") percentage growth target, over a three-year period up to the financial year ending 31 March 2019.

EPS Growth                       % of Award vesting

<9%                                   Nil

9%                                     30%

>9% but <16%                    calculated on a straight line basis from 30% exercise at 9% EPS growth to 100% exercise at 16% EPS growth

≥16%                                  100%

(ii)         Fifty per cent (50%) of the Award will be subject to total shareholder return ("TSR") performance condition, over a three-year period from date of grant.

TSR Growth                       % of Award vesting

<9%                                   Nil

9%                                     30%

>9% but <16%                   calculated on a straight line basis from 30% exercise at 9% TSR growth to 100% exercise at 16% TSR growth

≥16%                                  100%

The number of shares subject to the Award was determined by using the average mid-market price for the 3 trading days before the date of the Award, this was 156.2p.

Timetable

Awards are expected to vest in June 2019, following the announcement of the Company's results for the year ended 31 March 2019 and completion of the TSR Growth measurement period.

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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