Business
2016 LTIP Awards
2016 LTIP Awards.
About this update from Kainos Group Plc
[{"type":"text","content":"\n \nRNS Number : 8717C Kainos Group plc 30 June 2016 \n\n30 June 2016\n \nKainos Group plc \n \n(\"Kainos\" or the \"Company)\n\n2016 LTIP Awards\nThe 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. \nAwards have been granted to the three Executive Directors and two PDMRs, over a total of 250,962 ordinary shares.\n\n\n\n\nName\n\n\nTitle\n\n\nNumber of Shares\n\n\n\n\nBrendan Mooney \n\n\nCEO\n\n\n56,410\n\n\n\n\nRichard McCann\n\n\nCFO/COO\n\n\n62,500\n\n\n\n\nPaul Gannon\n\n\nSales Director\n\n\n50,000\n\n\n\n\nBrian Gannon\n\n\nCorporate Development Director\n\n\n32,052\n\n\n\n\nGrainne Burns\n\n\nCompany Secretary\n\n\n50,000\n\n\n\n\nPerformance Conditions and Vesting of Awards\nAwards will be subject to the rules of the PSP and the following conditions: \n(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.\n \nEPS Growth % of Award vesting\n<9% Nil \n9% 30%\n>9% but <16% calculated on a straight line basis from 30% exercise at 9% EPS growth to 100% exercise at 16% EPS growth\n≥16% &nb...