Kainos Group Regulatory News (KNOS)

03 June 2024

Kainos Group plc

("Kainos" or the "Company") 

Director / PDMR shareholdings

The Company announces that on 3 June 2024, 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 3 June 2024. The performance conditions associated with the PSP Awards are as follows:

(a) 40% 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 2024. 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) 30% 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 2024. 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 2027 37% of Senior Management Roles are held by women;

· 10% of the award will vest if by 31 March 2027 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 2027, 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 2027, the latest available customer engagement score shows positive customer satisfaction as measured through Net Promoter Score of (>30) or equivalent measure as the Committee considers appropriate

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them.

 (A19 Market Abuse Regulation)

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 / Nick Prowting

FTI Consulting LLP +44 20 3727 1000

Dwight Burden / Kwaku Aning / Usama Ali

About Kainos

Kainos Group plc is a UK-headquartered provider of sophisticated IT services to major public sector, commercial and healthcare customers. Our expertise spans three divisions: Digital Services, Workday Services, and Workday Products.

Digital Services: We develop and support custom digital service platforms that transform service delivery in public, commercial, and healthcare sectors. Our solutions ensure security, accessibility, cost-effectiveness, and improved user outcomes.

Workday Services: Specialising in deploying Workday, Inc.'s Finance, HR, and Planning products, we are a respected partner in Europe and North America. Experienced in complex deployments, we are trusted to launch, test, expand, and support Workday systems.

Workday Products: Our established product suite, incorporating Smart Test, Smart Audit, and Smart Shield, complements Workday by enhancing system security and compliance. Our Employee Document Management product, launched in October 2023, improves document generation and storage within Workday while supporting global compliance requirements. Over 450 global customers use one or more of our products.

Our people are central to our success. We have more than 2,900 people in 23 countries across Europe, Asia, and the Americas.

We are listed on the London Stock Exchange (LSE: KNOS) and you can discover more about us at www.kainos.com.