Business
Award of Shares under SIP and Directors' Dealings
Award of Shares under SIP and Directors' Dealings.
About this update from Kainos Group Plc
[{"type":"text","content":"\n \nRNS Number : 9237E Kainos Group plc 21 July 2016 \n\n21 July 2016\n \nKainos Group plc \n \n(\"Kainos\" or the \"Company)\n\nAward of Shares under Share Incentive Plan and Directors' Dealings \nThe Company announces that on 20 July 2016, share awards (the \"Awards\") approved by the Board of Directors of the Company under the Company's HM Revenue and Customs approved Share Incentive Plan scheme (the \"SIP\"), in the form of 323,268 free ordinary shares of 0.5 pence each in the Company (\"Ordinary Shares\") were provided to all eligible U.K. based employees of the Company, including the executive directors of the Company, or its subsidiaries. \nAwards have been granted to the three executive directors and two PDMRs, over a total of 3,160 Ordinary Shares. \n\n\n\n\nName\n\n\nTitle\n\n\nNumber of Shares purchased by the SIP \n\n\nAggregate personal holding in Kainos following announcement*\n\n\nPercentage personal holding in Kainos Ordinary Shares following announcement*\n\n\n\n\nBrendan Mooney \n\n\nCEO\n\n\n632\n\n\n14,110,241\n\n\n11.93%\n\n\n\n\nRichard McCann\n\n\nCFO/COO\n\n\n632\n\n\n6,142,070\n\n\n5.19%\n\n\n\n\nPaul Gannon\n\n\nSales Director\n\n\n632\n\n\n9,134,461\n\n\n7.72%\n\n\n\n\nBrian Gannon\n\n\nSVP Corporate Development \n\n\n632\n\n\n6,220,230\n\n\n5.26%\n\n\n\n\nGrainne Burns\n\n\nCompany Secretary\n\n\n632\n\n\n1,003,293\n\n\n0.85%\n\n\n\n\n*Includes SIP shares held in trust and 20 July 2016 SIP Awards, but excludes options or other rights to acquire Ordinary Shares.\nBasis of Awards\nAwards will be subject to the rules of the SIP. \nThe level of award for each eligible employee is based on length of service with the Company (or its subsidiaries). Awards are held in trust for participants in the SIP by Yorkshire Building Society subject to the rules of the SIP and attendant trust deed. Generally, the Awards must be retained within the trust for a minimum of three years and are subject to the continued employment of the recipients for those three years, before they may be transferred into the name of the individual.\nThe number of shares subject to the Award was determined by using the average mid-market price for the five trading days before the date of the Award, this...