Business
Kainos Director/PDMR Shareholding
Kainos Director/PDMR Shareholding.
About this update from Kainos Group Plc
[{"type":"text","content":"\n \nRNS Number : 6382T Kainos Group plc 04 July 2018 \n\n4 July 2018\n \nKainos Group plc \n \n(\"Kainos\" or the \"Company)\n\nDirector / PDMR shareholdings\nThe Company announces that on 4 July 2018, share awards (the \"Awards\") approved by the Board of Directors of the Company under:\n(i) 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 4 July 2018. The performance conditions associated with the PSP Awards are as follows:\n \n(a) 50% 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 2018. This portion of the PSP Award will:\n· not vest at all if EPS Growth over the measurement period is less than 9%;\n· vest in respect of 30% if EPS Growth over the measurement period is 9%;\n· vest in full if EPS Growth over the measurement period is 16% or higher;\n· vest proportionately, calculated on a straight line basis if EPS Growth over the measurement period is higher than 9% but less than 16%.\n \n(b) 50% of each PSP Award is subject to a performance condition based on the Company's Total Shareholder Return (\"TSR\") Growth per ordinary share measured over the period of three years commencing 4 July 2018. This portion of the PSP Award will:\n· not vest at all if TSR Growth over the measurement period is less than 9%;\n· vest in respect of 30% if TSR Growth over the measurement period is 9%;\n· vest in full if TSR Growth over the measurement period is 16% or higher;\n· vest proportionately, calculated on a straight line basis if TSR Growth over the measurement period is higher than 9% but less than 16%.\n \n \n(ii)&nbs...