REG - Kainos Group plc - Renewal of Share Buyback Programme

KainosAnnouncement

19/11/2025 08:00

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RNS Number : 1498I  Kainos Group plc  19 November 2025

 

 

19 November  2025

 

Kainos Group plc

("Kainos" or the "Company")

 

Renewal of Share Buyback Programme

Kainos Group plc, a UK-headquartered IT provider with expertise across three
divisions - Digital Services, Workday Services and Workday Products,
confirms  that from today as set out in the Company's interim results
announcement on 10 November 2025, it has renewed the appointment of Investec
Bank plc ("Investec") to manage a non-discretionary share buyback programme to
purchase ordinary shares of £0.005 each in the capital of the Company
("Shares") within certain pre-set parameters, for up to a maximum amount of
£30 million (excluding expenses) (the "Programme").

The Company has authorised the Programme to continue until the earlier
of: (i) the date on which the maximum aggregate consideration payable by the
Company has been reached and (ii) 18 May 2026.

The sole purpose of the Programme is to reduce the Company's share capital,
and any Shares purchased for this purpose will be cancelled.

Rationale for Buyback Programme

As set out in our interim results published on 10 November 2025, Kainos has a
strong unlevered balance sheet and continues to generate significant operating
cash flow, with a net cash and treasury deposit balance of £105.5 million as
of 30 September 2025.

The Programme is consistent with the Company's capital allocation policy, to
enhance the growth of the business, both organically and through acquisition,
and to reward shareholders through growth in earnings alongside our
progressive dividend policy, while retaining a robust capital base. Where
there is surplus cash over and above that needed to fund organic and inorganic
growth, the Board will consider additional one-off returns of capital to
shareholders.

 

In the context of the strong balance sheet position, the Board continues to
believe a share buyback to be an attractive use of capital to drive
shareholder value alongside the significant ongoing organic investment.

The Board will continue to keep the capital allocation policy and further
distributions to shareholders under review, with consideration of future
buybacks and other potential uses of capital that may drive value for
shareholders over the medium term.

The Programme will be conducted by the Company in accordance with and under
the terms of the general authority granted to the Board by the Company's
shareholders at the Company's annual general meeting on 23 September 2025 (the
"General Authority") and, in line with the General Authority, will not exceed
12,095,395  Shares (less the number of Shares purchased in the period between
23 September 2025 and 18 November 2025) .

The Programme will be executed in accordance with Chapter 9 of the UK Listing
Rules and the terms of the General Authority. The Programme will also be
conducted within the parameters of the UK version of the Market Abuse
Regulation (Regulation (EU) No 596/2014) as incorporated into UK domestic
law by virtue of the European Union (Withdrawal) Act 2018. Investec will act
as principal for the simultaneous on-sale of such shares to the Company and
will make its trading decisions concerning the timing of the purchases of the
Shares independently of the Company. Any purchase of Shares made in relation
to the Programme will be carried out on the London Stock Exchange.

The Company will make further announcements following the completion of any
purchases. There is no guarantee that the Programme will be implemented in
full or that any Shares will be purchased by the Company.

Ends

 

For further information, please contact:

 

Kainos
via FTI Consulting LLP

Brendan Mooney, Chief Executive Officer

Richard McCann, Chief Financial Officer

 

Investec Bank
plc
+44 20 7597 5970

Patrick Robb / Nick Prowting / Arnav Kapoor

 

FTI Consulting
LLP
+44 20 3727 1000

Dwight Burden / Kwaku Aning

 

About Kainos Group plc

Kainos Group plc is a UK-headquartered provider of sophisticated IT services
to major public sector, commercial and healthcare customers and a developer of
software applications.

 

Our expertise spans three divisions: Digital Services, Workday Services, and
Workday Products.

 

Digital Services

Our Digital Services customers face a range of business challenges, including
the need to improve their customer service, reduce costs and increase
productivity. We help them to solve these problems by developing and
supporting custom digital service platforms. Our solutions enable customers
and their users to work smarter, faster and better, while ensuring the
platforms are secure, accessible and cost effective.

 

Workday Services

 We are a respected partner to Workday Inc., providing a comprehensive range
of services to support customers deploying Workday's Finance, HR and Planning
products. Our experience in complex deployments means we are trusted to
launch, test, expand and support Workday systems.

 

Workday Products

We have developed proprietary software products that complement Workday by
enhancing our customers' system security and compliance and improving their
document generation and storage. Over 600 global customers now use one or more
of our products, with adoption growing rapidly.

 

 

 

Our people

Our people are central to our success. We employ more than 3,100 people in 18
countries across Europe, Asia and the Americas.

 

Find out more

You can discover more about us at www.kainos.com.

 

 

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