Business
2016 LTIP Awards - Replacement
2016 LTIP Awards - Replacement.
About this update from Kainos Group Plc
[{"type":"text","content":"\n \nRNS Number : 8814C Kainos Group plc 30 June 2016 \n\n \n \nThe following amendment(s) have been made to the '2016 LTIP Awards' announcement released on\n30 June 2016 at 16.25 under RNS No 8717C. \n \nBrian Gannon, Corporate Development Director has 50,000 shares and Grainne Burns, Company Secretary has 32,052 shares. \n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \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\n50,000\n\n\n\n\nGrainne Burns\n\n\nCompany Secretary\n\n\n32,052\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% ...