TIDMKNOS
RNS Number : 7791X
Kainos Group plc
22 December 2023
22 December 2023
Kainos Group plc
("Kainos" or the "Company")
Executive Director PSP Award/PDMR shareholdings
The Company announces that on 20 December 2023, a share award
approved by the Board of Directors of the Company under the Kainos
Group Performance Share Plan ("PSP Award"), in the form of nominal
value options over Ordinary Shares was awarded to Richard McCann,
CFO. The PSP Award vests, other than in exceptional circumstances,
over a three-year period from 20 December 2023. The performance
conditions associated with the PSP Award are as follows:
(a) 25% 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 2023. 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) 45% 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 All-Share index ("Index") measured
over the period of three years commencing 1 April 2023. This
portion of the PSP Award will:
-- not vest at all if TSR performance over the measurement
period is below the mean average Index ("Initial Vesting
Threshold");
-- vest in respect of 30% if the TSR performance is equal to the mean average Index price;
-- vest in full if TSR performance over the measurement period
is above the mean average price growth for the FTSE techMARK
All-Share index plus four percentage points ("Upper Vesting
Threshold");
-- vest proportionately, calculated on a straight-line basis if
TSR performance over the measurement period is greater than the
Initial Vesting Threshold but less than the Upper Vesting
Threshold.
(c) 30% of each PSP Award is subject to a collection of
performance conditions associated with Kainos being a Responsible
Company. This portion of the PSP Award will vest as follows:
-- 10% of the award will vest if by 31 March 2026 35% of Senior
Management Roles are held by women;
-- 10% of the award will vest if by 31 March 2026 the latest
available Employee Engagement score equates to 7 or better as
measured though our employee engagement tool, Peakon, or such
equivalent engagement measure as the Committee considers
appropriate;
-- 5% of the award will vest if by 31 March 2026, there is a
reduction in the carbon intensity of Scope 3 greenhouse gas
emissions of 45%;
-- 5% of the award will vest if by 31 March 2026, the latest
available customer engagement score shows positive customer
satisfaction with 90% of customers scoring the Company as "Very
Good" or better, being a rating of 7 or more as measured through
NPS or such equivalent measure as the Committee considers
appropriate.
In addition, the Company has been notified that on 20 December
2023, Mr McCann exercised share options granted in 2020 under the
Company's Sharesave Plan. Mr McCann retained the ordinary shares on
exercise.
Following this notification, Mr McCann and his Person Closely
Association (PCA) have a reportable shareholding of 4,630 932,
constituting 3.69% of the issued share capital 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 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 Share Award 2023
------------------------------- -----------------------------------------
c. Price(s) and volume(s) Exercise Price(s) Volume(s)
GBP0.005 9,407
----------
------------------------------- -----------------------------------------
d. Aggregated information
* Aggregated volume N/A
* Price
------------------------------- -----------------------------------------
e. Date of the transaction 20-12-23
------------------------------- -----------------------------------------
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 Ordinary Shares of GBP0.005 each
the
Financial instrument/ KNOS
type of instrument
Identification
code
------------------------------- -------------------------------------------------
b. Nature of the transaction Exercise of share options granted in 2020
under the Company's Sharesave Plan, a UK
HMRC approved all-employee SAYE plan, an
retention of shares.
------------------------------- -------------------------------------------------
c. Price(s) and volume(s) Exercise Price(s) Volume(s)(1)
GBP6.20 580
-------------
1. Subject to the PSP Awards vesting criteria.
------------------------------- -------------------------------------------------
d. Aggregated information
* Aggregated volume N/A
* Price
------------------------------- -------------------------------------------------
e. Date of the transaction 20-12-23
------------------------------- -------------------------------------------------
f. Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------------
Ends
For further information, please contact:
Kainos via FTI Consulting LLP
Russell Sloan, Chief Executive Officer
Richard McCann, Chief Financial Officer
Investec Bank plc +44 20 7597 5970
Patrick Robb / Ben Griffiths
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Dwight Burden / Kwaku Aning
About Kainos
Kainos Group plc is a UK-headquartered IT provider with
expertise across three divisions - Digital Services, Workday
Services, and Workday Products.
Our Digital Services division develops and supports custom
digital service platforms for public sector, commercial, and
healthcare customers. Our solutions transform the delivery of these
services, ensuring they are secure, accessible, and cost-effective,
and provide better outcomes for users.
Our Workday Services division specialises in the deployment of
Workday Inc.'s Finance, HR and Planning products to leading
organisations across Europe and North America. We are one of
Workday's most respected partners, experienced in complex
deployment and trusted by our customers to launch, test, expand,
and support their Workday systems.
Our Workday Products division develops products that complement
Workday. Our Smart product suite, including Smart Test (for
automated testing), Smart Audit (for compliance monitoring), and
Smart Shield (for data masking), are used by more than 400
customers globally to safeguard their Workday systems.
Our people are central to our success. We employ more than 3,000
people in 23 countries across Europe and the Americas.
We are listed on the London Stock Exchange (LSE: KNOS) and you
can discover more about us at www.kainos.com .
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END
DSHFESSUEEDSEEE
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December 22, 2023 04:21 ET (09:21 GMT)
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