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LONDON - Kainos Group plc (LON:KNOS) CEO Brendan Mooney transferred 3 million ordinary shares to MF LP, an entity ultimately controlled by him, for nil consideration on November 21, according to a company statement released Monday.
The transfer was described as part of long-term family succession planning and resulted in no change to Mooney’s overall control of shares. The aggregate number of shares and voting rights controlled by Mooney and his persons closely associated (PCAs) remains at 10,619,062 ordinary shares, representing approximately 8.88% of the company’s issued share capital.
The transaction involved ordinary shares with a nominal value of £0.005 each and took place outside a trading venue. The company also noted that a TR1 form has been submitted in connection with the transfer.
Kainos Group, a UK-based digital services and platforms company, made the disclosure in accordance with regulatory requirements for transactions by persons discharging managerial responsibilities and their closely associated persons.
The information was disclosed in a regulatory news service announcement based on a company press release statement.
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