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Kainos Group PLC
Remuneration Information • Jun 29, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 5373D
Kainos Group plc
29 June 2021
29 June 2021
Kainos Group plc
("Kainos" or the "Company")
Director / PDMR shareholdings
The Company announces that on 29 June 2021, share awards (the "Awards") approved by the Board of Directors of the Company under 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 29 June 2021. The performance conditions associated with the PSP Awards are as follows:
(a) 30% 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 2021. This portion of the PSP Award will:
· not vest at all if EPS Growth over the measurement period is less than 5%;
· vest in respect of 30% if EPS Growth over the measurement period is 5%;
· vest in full if EPS Growth over the measurement period is 13% or higher;
· vest proportionately, calculated on a straight-line basis if EPS Growth over the measurement period is higher than 5% but less than 13%.
(b) 50% of each PSP Award is subject to a performance condition based on the Company's Total Shareholder Return ("TSR") performance compared with the FTSE techMARK index measured over the period of three years commencing 29 June 2021. This portion of the PSP Award will:
· not vest at all if TSR performance over the measurement period is below the median TSR for the FTSE techMARK index;
· vest in respect of 30% if TSR performance over the measurement period is at the median TSR for the FTSE techMARK index;
· vest in full if TSR performance over the measurement period is at or above the upper quartile of the TSR for the FTSE techMARK index;
· vest proportionately, calculated on a straight-line basis if TSR performance over the measurement period is greater than the median but less than the upper quartile compared with the FTSE techMARK index.
(c) 20% of each PSP Award is subject to a performance condition based on the Company's performance in the Best Companies Survey. This portion of the PSP Award will:
· vest in full if the Company achieves a Best Companies Survey Best Companies Index ("BCI") score at least equal to the Company's BCI score at the beginning of the measurement period;
· not vest at all if the Company achieves a Best Companies Survey BCI score lower than at the beginning of the measurement period.
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
/Amendment
Initial
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 the
Financial instrument/
type of instrument
Identification code
Options over Ordinary Shares of £0.005 each
KNOS
b.
Nature of the transaction
PSP Share Awards 2021
c.
Price(s) and volume(s)
| PSP Award1 | |
| Exercise Price(s) | Volume(s) |
| £0.005 | 5,974 |
1. Subject to the PSP Awards vesting criteria.
d.
Aggregated information
· Aggregated volume
· Price
N/A
e.
Date of the transaction
29-06-21
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
/Amendment
Initial
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 the
Financial instrument/
type of instrument
Identification code
Options over Ordinary Shares of £0.005 each
KNOS
b.
Nature of the transaction
PSP Share Awards 2021
c.
Price(s) and volume(s)
| PSP Award1 | |
| Exercise Price(s) | Volume(s) |
| £0.005 | 6,628 |
1. Subject to the PSP Awards vesting criteria.
d.
Aggregated information
· Aggregated volume
· Price
N/A
e.
Date of the transaction
29-06-21
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
Director
b.
Initial notification
/Amendment
Initial
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 the
Financial instrument/
type of instrument
Identification code
Options over Ordinary Shares of £0.005 each
KNOS
b.
Nature of the transaction
PSP Share Awards 2021
c.
Price(s) and volume(s)
| PSP Award1 | |
| Exercise Price(s) | Volume(s) |
| £0.005 | 5,319 |
1. Subject to the PSP Awards vesting criteria.
d.
Aggregated information
· Aggregated volume
· Price
N/A
e.
Date of the transaction
29-06-21
f.
Place of the transaction
Outside a Trading Venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Russell Sloan
2.
Reason for the notification
a.
Position/status
Divisional Director, Digital Services
b.
Initial notification
/Amendment
Initial
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 the
Financial instrument/
type of instrument
Identification code
Options over Ordinary Shares of £0.005 each
KNOS
b.
Nature of the transaction
PSP Share Awards 2021
c.
Price(s) and volume(s)
| PSP Award1 | |
| Exercise Price(s) | Volume(s) |
| £0.005 | 7,160 |
1. Subject to the PSP Awards vesting criteria.
d.
Aggregated information
· Aggregated volume
· Price
N/A
e.
Date of the transaction
29-06-21
f.
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
Malachy Smith
2.
Reason for the notification
a.
Position/status
Divisional Director, Workday Implementation Services
b.
Initial notification
/Amendment
Initial
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 the
Financial instrument/
type of instrument
Identification code
Options over Ordinary Shares of £0.005 each
KNOS
b.
Nature of the transaction
PSP Share Awards 2021
c.
Price(s) and volume(s)
| PSP Award1 | |
| Exercise Price(s) | Volume(s) |
| £0.005 | 7,212 |
1. Subject to the PSP Awards vesting criteria.
d.
Aggregated information
· Aggregated volume
· Price
N/A
e.
Date of the transaction
29-06-21
f.
Place of the transaction
Outside a trading venue
Ends
For further information, please contact:
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 / Ben Griffiths
Canaccord Genuity +44 20 7523 4606
Simon Bridges/ Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Dwight Burden / Kwaku Aning
About Kainos
Kainos Group plc is a UK-headquartered provider, operating in two specialist divisions, Digital Services and its Workday Practice.
The Group's Digital Services include full lifecycle development and support of customised Digital Services for public sector, healthcare and commercial customers. These transformative solutions encompass a range of services from experience to design to Artificial Intelligence and Cloud to deliver truly intelligent solutions that are secure, accessible and cost-effective.
The Group's Workday Practice Kainos is one of Workday's most respected partners. As a full-service partner, we are experienced in complex deployment and integrations, and the leader in Workday test automation. We're trusted by our customers to launch, test, expand and safeguard their Workday systems.
Kainos has over 2,000 people across 12 offices in Europe and North America.
Kainos is listed on the London Stock Exchange (LSE: KNOS). For further information, please visit www.kainos.com.
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