Executive Director PSP Award/PDMR shareholdings
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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:
- 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 in respect of 30% if the TSR performance is equal to the mean average Index price;
- 10% of the award will vest if by 31 March 2026 35% of Senior Management Roles are held by women;
- 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 /Amendment | Initial |
| a. | Name | Kainos Group plc |
| b. | LEI | 213800H2PQMIF3OVZY47 |
| 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 Award 2023 |
| c. | Price(s) and volume(s) | Exercise Price(s) Volume(s) £0.005 9,407 |
| d. | Aggregated information · Aggregated volume · Price | N/A |
| 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 |
| a. | Name | Kainos Group plc |
| b. | LEI | 213800H2PQMIF3OVZY47 |
| a. | Description of the Financial instrument/ type of instrument Identification code | Ordinary Shares of £0.005 each KNOS |
| 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 £6.20 580 1. Subject to the PSP Awards vesting criteria. |
| d. | Aggregated information · Aggregated volume · Price | N/A |
| f. | Place of the transaction | Outside a trading venue |
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