Kainos Group plc Update on office development & partial site sale (1674D)
18 Outubro 2022 - 3:00AM
UK Regulatory
TIDMKNOS
RNS Number : 1674D
Kainos Group plc
18 October 2022
18 October 2022
Kainos Group plc
(ÒKainosÓ or the Òthe CompanyÓ)
Bankmore Square, Belfast
Update on office development and partial sale of site
Kainos Group plc (KNOS), a leading IT provider, operating across
two specialist business areas, Digital Services and its Workday
Practice, is pleased to announce a further update on plans for its
Belfast site, Bankmore Square, which it purchased in 2019.
In line with its previously announced strategy, the Company
plans to develop a new headquarters building to accommodate
existing staff in a single, environmentally sustainable,
purpose-built office. The new 80,000 sq ft building will be able to
support the CompanyÕs significant future growth plans and has the
capacity to accommodate up to 3,000 people.
The revised design for the building will only require 50% of the
existing site and, following a sale process, it is the CompanyÕs
intention to dispose of the remainder of the land to QueenÕs
University Belfast, who will use it to develop high quality student
accommodation.
A further announcement will be made on the completion of the
sale process.
The announcement of this update will allow Kainos to proceed
with the selection of a contractor for the construction of the new
office building. It remains the CompanyÕs intention to fund the
construction using cash on the balance sheet and, subject to final
design, costs and board approval, will represent a capital
investment of between GBP27million and GBP30million in the new
office complex.
Brendan Mooney, Chief Executive Officer of Kainos, said:
"The announcement today is another step towards the development
of our new office in Belfast. Our new Bankmore Square development
will provide us with a larger, more sustainable office that will
bring all our colleagues together in a single location and, at the
same time, provide significant capacity for our future growth.
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 / Ben Griffiths
Canaccord Genuity +44 20 7523 4606
Simon Bridges / Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Dwight Burden / Kwaku Aning
About Kainos
Kainos Group plc is a UK-headquartered IT provider, across two
specialist business areas, Digital Services and the Workday
Practice.
Our Digital Services division develops and supports custom
digital service platforms for public sector, commercial and
healthcare customers. Our solutions transform the delivery of these
services, ensuring they are secure, accessible and cost-effective,
and that they provide better outcomes for users.
Our Workday Practice is focused on the deployment of Workday
Inc's Finance, HR and Planning software to leading organisations
across the public, commercial and healthcare sectors. We are one of
Workday's most respected partners, experienced in complex
deployment and integrations and trusted by our customers to launch,
test, expand and safeguard their Workday systems. We are also the
leader in automated testing of customers' unique Workday
configurations.
Our people are central to our success. We employ more than 2,600
people across 20 offices in Europe and the Americas.
We are listed on the London Stock Exchange (LSE: KNOS) and you
can discover more about what we do and who we are at
www.kainos.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDFLFSRILLDLIF
(END) Dow Jones Newswires
October 18, 2022 02:00 ET (06:00 GMT)
Kainos (LSE:KNOS)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Kainos (LSE:KNOS)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024