Sharesave
Your Guide

The Kainos Group plc (‘Kainos’) Sharesave Plan is a savings scheme that offers all UK employees the opportunity to become shareholders in Kainos Group plc.

Get the 'EQ Share Plans' app

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

App Store
qr code apple

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

Play Store
qr code android

PLEASE NOTE: The below information is displayed for information purposes only.

As the current share price is lower than the Option Price for the latest scheme, the below choices will not be available at this time, the only choice available will be to request a refund of savings.

If the share price increases sufficiently, an email will be issued to advise that further exercise choices are available via the Share Portal.

On 1st August 2025 (assuming that all payments have been received) your 2022 Sharesave contract matures.

You have six months from the Maturity Date to exercise your Option to buy Kainos shares at the pre-determined Option Price of £9.92, which was set at the start of the scheme.

If you are on the Insider List, you must obtain consent to trade before exercising any options or selling any shares, and you will not be able to deal during close periods. Further details are available here.

You have three choices around what to do with your savings.

woman on a laptop

Your choices in more detail

The Equiniti Global Nominee Service (‘Global Nominee’) offers a simple and convenient way to manage your Kainos Group plc shares electronically. Shares held in a Global Nominee account can be sold or transferred at a time of your choosing. More information can be found in the Global Nominee brochure.

If you wish to exercise your Option to buy all the shares and hold them electronically in the Global Nominee select 'Transfer to Global Nominee' from the exercise choices on the Equiniti Limited Employee Share Plans Portal (‘Share Portal’).

Your shares should be in your Global Nominee account within 5 working days following the allotment of your shares and can be viewed on the Share Portal.

Once your shares are in your Global Nominee account you will be able to sell your shares, transfer to spouse/civil partner or transfer to an ISA account. The fees for selling shares will be 0.35%, with a minimum fee of £35 - applicable on the first £100,000. Please refer to the brochure for more details.

In order to Transfer to a Spouse or Civil Partner, you will need to complete a Form A. The spouse would then need to complete a spouse application form and send in the required documentation. There are no fees for this transfer.

You also have the opportunity to transfer to an ISA, however this must be done within 90 days of exercise. The EQi Flexible ISA is a Stocks and Shares ISA, which allows you to invest up to £20,000 per year and any gains are tax-free. Information on the EQi Flexible ISA is set out below and full details can be found at https://eqi.co.uk/info/isa/benefits.

To apply for an EQi ISA, you will need to complete an ISA Application Form and return this to forms@eqi.co.uk. You’ll also need to complete a Form E.

If you wish to transfer to your EQi ISA or Investment account, please state this on the form along with your account number in section 2.

To transfer to an external broker/bank please complete section 2 by listing your account number and an email address for your broker.

You may also need to send a Letter of Appropriation/Notice of Exercise and CREST Transfer Form to the provider.

If you wish to exercise your Option to keep all of your shares and receive a Share Certificate select 'Keep shares as a share certificate' from the exercise choices on the Share Portal.

If you choose to receive a paper share certificate, this will be posted to the home address we hold on the portal for you, at your own risk. Your shares will not be held electronically, and you will need to produce your share certificate when you want to sell or transfer your shares.

You should receive your share certificate within 5 working days of the allotment of your shares.

If you would like to have your savings repaid and do not wish to exercise your Option to buy shares, please use the Share Portal or the EQ App to request the return of your savings.

Residual balance

If you decide to buy the shares there will often be a small cash residue remaining in your Sharesave account. This is because it’s very unlikely that your savings will divide exactly by the pre-determined Option Price. You can choose for this to be donated to the Kainos nominated charity, Cancer Research UK, or for it to be sent to you via a bank transfer.

men looking at tablet

How to submit an exercise instruction

You can make your choice via the Share Portal.

If you haven’t already done so, you’ll need to register for the Share Portal by selecting the 'Register' button, then follow the steps to register and activate your account. The Activation Code will be sent either to your work email address, if provided at registration, or by post to your home address if you provided a personal email address. You will need your Workday ID to access the Share Portal.

Once you’re logged in, to complete your maturity election click on ‘Manage my Sharesave maturity’ link in the ‘I want to...’ section located on the top right of the home page.

Make your choice
woman on a laptop

Timetable

The table below is for indicative purposes only and does not relate to the current maturity.

Important dates
Deadline for receipt of instructions at EQ 6pm (UK time) Allotment date
Batch 1 24 July 2023 3 August 2023
Batch 2 31 July 2023 10 August 2023
Batch 3 7 August 2023 17 August 2023
Batch 4 14 August 2023 24 August 2023
Ongoing for six month exercise period* First Monday of each month until January 2024; in January the cut off dates will be on 8th and 29th Thursday of the following week after the deadline

*Future batches will continue monthly for the remainder of the six-month exercise period.

Please note all dates are subject to change. EQ cannot be held responsible for any changes to advertised dates which are outside their control nor any resulting loss.

Residual balance

If you decide to buy the shares there will often be a small cash residue remaining in your Sharesave account. This is because it’s very unlikely that your savings will divide exactly by the pre-determined Option Price. You can choose for this to be donated to the Kainos nominated charity, Cancer Research UK, or for it to be sent to you via a bank transfer.

Save As You Earn! Watch a short video to see how it works

Choose your savings

Choose how much you’d like to save from your net pay (i.e. after income tax & national insurance contributions) each month, from a minimum of £10 to a maximum of £150. If you’re already taking part in any another Sharesave schemes, your total contributions across all your Sharesave accounts cannot exceed £500 per month.

This amount is fixed for the duration of the savings contract.

It's easy and safe

The savings contract is for three years, with your contributions being directly deducted each month.

Your savings are held in a Sharesave account at Lloyds Bank plc*.

Option price

We take the average mid market quoted closing price of Kainos Group plc shares on the three days immediately before the Sharesave invitation date and apply a 20% discount.

Decide what to do with your savings

At the end of the savings period, called the ‘Maturity’, you can either:

Use your savings to buy shares in Kainos Group plc at the Option Price and decide whether to:

  • keep your shares and become a shareholder;
  • sell some, or all, of your shares;

    OR

  • Take back all your savings as cash plus any applicable bonus or interest;
  • At Maturity you may also be entitled to a bonus payment (see FAQs below).

At any time, you can cancel the Sharesave and receive your savings back plus any applicable interest.

* Savings accounts are covered by the Financial Services Compensation Scheme (FSCS) to a maximum value of £85,000. To find out more visit www.fscs.org.uk

  • Sharesave is an opportunity to purchase Kainos Group plc shares in three years’ time at a discounted price that is fixed now, i.e. "the Option Price".
  • The Option Price is discounted by 20% based on the share price at the start of the plan.
  • You choose a fixed amount of how much you want to save – from as little as £10 a month up to a maximum of £150 a month.
  • If you’re already taking part in another Sharesave, you can join again on this occasion provided your total contributions across all your Sharesave accounts does not exceed £500 per month.
  • At the end of the savings period, you can choose whether you want to buy the shares or get all your savings back as cash, plus any applicable bonus or interest.
  • It’s risk free and you can cancel anytime, getting back your savings that you put in, plus any applicable bonus or interest.

Visit the Kainos Group plc Employee Share Plans Portal or apply via the EQ app.

You will need your Workday ID to access the Share Portal.

If you are new to the Share Portal:

  1. Log onto the Share Portal.
  2. Click register and follow the instructions on screen.
  3. An Activation Code will be sent to you via email if you registered with your work address or by post to your home address if you registered with your personal email address.
  4. If you have used your personal email address you can still apply for the Sharesave before your Activation Code arrives.

If you have already registered on the Share Portal:

  1. Log in using your last name, Workday ID, date of birth and the password you set up at registration.
  2. If you’ve forgotten your password you can reset it by clicking on “forgotten my password?”
  3. Once logged in you’ll be able to apply.

Your application:

  • Decide how much you want to save from £10 to £150 per month, up to the maximum limit of £500 across all Sharesave schemes you are contributing to. You may also be entitled to a bonus payment.
  • The amount you choose to save is fixed at the start of the scheme so make sure it’s an amount you can afford. The first deduction will be taken from the July 2024 payroll.
  • You can choose to withdraw your savings, plus any applicable interest, at any time, but remember that this cancels your savings contract and your ability to buy shares at the discounted Option Price.
  • Application window opens on 06 June 2024 and closes at 11:59pm on 24 June 2024.
  • Late applications cannot be accepted.

Need help?

Contact the EQ Employee Helpline on +44 (0) 371 384 2040 between 8:30am–5:30pm (UK time), Monday to Friday (excluding public holidays in England and Wales)

To find out more and view the terms and conditions, go to Login.

Join Sharesave using the 'EQ Share Plans' app

You can download the 'EQ Share Plans' app for both Apple and Android devices.

Once you have downloaded the app, follow the instructions to log in (using your same log in details for the Portal) or register. You will then be able to apply.

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

App Store
qr code apple

Scan this QR code with your mobile phone to download the app.

Download the EQ Share Plans app.

Play Store
qr code android

If the share price is lower than the Option Price at the end of the savings period, you can simply choose to take back all your savings as cash, plus any applicable bonus or interest payable.

Here are some examples saving either £20, £50 or £150 per month over three years with an Option Price of £12.00.

Examples only - £11.25 Market Price and Option Price of £9
Monthly savings Total savings available to buy shares after 3 years Shares available to buy after 3 years Value of shares after 3 years (if share price increased to £12) Cash Bonus Amount
£50 £1,800 200 £2,400 £55
£100 £3,600 400 £4,800 £110
£150 £5,400 600 £7,200 £165

If the share price is higher than the Option Price at the end of the savings period your shares will be worth more than your savings. You are then able to convert your sav-ings to shares in Kainos Group plc. This is called exercising your Option. Once you have exercised your Option, you can decide whether to:

  • keep your shares and become a shareholder of Kainos Group plc, receive divi-dends and share in any future success of the Company

    OR

  • • sell your shares and make a profit. Please note that there may be tax liabilities.

If the share price is lower than the Option Price at the end of the savings period, you can simply choose to take back all your savings as cash, plus any applicable bonus or interest payable.

Any applicable bonus payment will be made whether you keep your shares, sell your shares, or take back your savings.

See FAQs for further information.

Key dates

3, 4 and 5 June 2024

Option Price will be determined using the average mid-market quote of the closing share price over these three dates

6 June 2024

Sharesave invitation period opens

24 June 2024 (11:59pm)

Closing date for applications (late applications cannot be accepted)

1 July 2024

Date of grant of Options

July 2024 Payroll

First deduction from your salary

01 August 2024

Your savings contract starts