Kainos Group plc Kainos announces site purchase for new Belfast HQ (6961P)
12 February 2019 - 6:00PM
UK Regulatory
TIDMKNOS
RNS Number : 6961P
Kainos Group plc
12 February 2019
12 February 2019
Kainos Group plc
("Kainos" or the "Group")
Kainos announces site purchase for new Belfast HQ
Kainos Group plc, a leading provider of Digital Services and
Platforms, is pleased to announce that it has it agreed to acquire
a site for the development of Kainos' future Belfast headquarters.
The purchase price is GBP7.05 million, with a ten percent deposit
paid on exchange and the balance due upon completion, which is
expected on 3 June 2019. The purchase will be funded using cash on
the balance sheet.
Bankmore Square, on the city's Dublin Road, is being acquired
from its current owner Movie House Cinemas Limited. The site
received planning committee approval in May 2017 for a replacement
250,000 square foot Grade A office building, although Kainos will
be submitting a revised planning application. The new premises will
allow Kainos to grow and scale its workforce to support the next
stage of the Group's growth.
The decision to acquire the site was made to allow Kainos to
determine and control the best options available for a bespoke
Grade A office within a timescale that aligns with the Group's
future expansion.
CEO of Kainos, Brendan Mooney commented: "Our people remain
central to everything we do and we want to ensure that our staff
work in the best environment possible. As well as the additional
capacity that the office will bring to our business and workforce,
this investment, and the location of our new HQ, signals our
commitment to retaining and attracting the best staff. We remain
focused on providing exceptional careers and working conditions for
all at Kainos and hope to close this transaction soon."
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 / Sebastian Lawrence
Canaccord Genuity +44 20 7523 4606
Simon Bridges / Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Harry Staight
About Kainos
Kainos Group plc is a UK-based provider of Digital Services and
Digital Platforms.
The Group's Digital Services include full lifecycle development
and support of customised Digital Services for government and
commercial customers. Kainos is also the leading European partner
for Workday Inc. ('Workday') responsible for implementing Workday's
innovative Software-as-a-Service (SaaS) platform for enterprise
and, now, government customers.
The Group's Digital Platforms comprise specialised digital
products in the mobile healthcare and automated testing arenas.
Smart is an automated testing platform for Workday customers;
Evolve Electronic Medical Records ('EMR') is the market leading
product for the digitisation of patient notes in the Acute sector
of the NHS; and Evolve Integrated Care ('IC') is a SaaS-based
integrated care platform for the NHS and international healthcare
providers.
Kainos has over 1,300 people across eleven offices in Europe and
the USA, working interchangeably across its Services and Platforms
divisions.
Kainos is listed on the London Stock Exchange (LSE: KNOS). For
further information, please visit www.kainos.com
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END
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