RNS Number : 1404A
Cohort PLC
12 August 2024
 

One Waterside Drive

Arlington Business Park

Reading

Berks

RG7 4SW

 

 

 

12 August 2024

 

 

COHORT PLC

("Cohort" or "the Company")

 

Director Shareholdings

Cohort plc wishes to notify the following changes in the interests of directors of the Company in ordinary shares of 10 pence ("Ordinary Shares") in relation to the vesting of share awards.

 

Transfer of Share Awards

On 11 August 2024, Ordinary Shares that had vested on 9 and 11 August 2024 from awards in accordance with the rules of the 2013 Restricted Share Scheme established on 30 July 2013 (the "Restricted Share Scheme") were transferred to the executive directors of the Company (the "Transfers"). The following table sets out the details of the Transfers:

 

Director

Total number of Ordinary Shares vested on 9 August

Total number of Ordinary Shares vested on 11 August

Total number of unvested Ordinary Shares under the Restricted Share Scheme following Transfers

AS Thomis

2,756

698

5,064

SR Walther

2,156

545

3,959

 

Full ownership of Ordinary Shares awarded under the Restricted Share Scheme (including voting and dividend rights) transfers to the recipients in four stages; 25% on award and a further 25% on the first, second and third anniversaries of the award. Recipients may only sell shares awarded under the Restricted Share Scheme with the approval of the Chairman of the Remuneration Committee while they remain in employment with the Company. Further details regarding the Restricted Share Scheme can be found in the Company's Annual Report and Accounts.

 

Director Shareholdings

Following completion of the transactions detailed above, the interests of Mr Thomis and Mr Walther and their connected persons in the Ordinary Shares are as follows:

 

Director

Ordinary Shares*

% of the total issued share capital

AS Thomis

261,136**

 

0.63

SR Walther

236,122

0.57

*Not including unvested shares under the Restricted Share Scheme

** 210 shares removed from total as a PCA of Mr Thomis fell out of scope in August 2024

 

 

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Thomis

2

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Cohort plc

b)

Legal Entity Identifier Code

213800WE61C73LZZNW11

4

Details of the transaction(s)

a)

Description of the financial instrument, type of instrument

Ordinary shares in Cohort plc with a nominal value of 10 pence each

b)

Identification Code

GB00B0YD2B94

c)

Nature of the transaction

Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a nominee account in the name of Andrew Thomis

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

3,454 Ordinary Shares at 0.00 pence

f)

Aggregated Information

-       Price

-       Volume

-       Total

N/A

g)

Date of transaction

11 August 2024

h)

Place of transaction

Outside of a Main Market

 

 

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Walther

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Cohort plc

b)

Legal Entity Identifier Code

213800WE61C73LZZNW11

4

Details of the transaction(s)

a)

Description of the financial instrument, type of instrument

Ordinary shares in Cohort plc with a nominal value of 10 pence each

b)

Identification Code

GB00B0YD2B94

c)

Nature of the transaction

Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a nominee account in the name of Simon Walther

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

2,701 Ordinary Shares at 0.00 pence

f)

Aggregated Information

-       Price

-       Volume

-       Total

N/A

g)

Date of transaction

11 August 2024

h)

Place of transaction

Outside of a Main Market

 

 

 

 

 

ENDS

 

For further information please contact:

 

Cohort plc

 

0118 909 0390

Andrew Thomis, Chief Executive

 

Simon Walther, Finance Director

 

Emily McBride, Group Head of Marketing and Corporate Communications

Raquel McGrath, Company Secretary

 

 

 

Investec Bank Plc (NOMAD and Broker)

 

020 7597 5970

Carlton Nelson, Christopher Baird

 

 

 

 

MHP

 

020 3128 8276

Reg Hoare, Ollie Hoare, Hugo Harris

cohort@mhpgroup.com

 

 

 

 

NOTES TO EDITORS  

 

Cohort plc (www.cohortplc.com) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

 

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total over 1,300 core staff there and at its other operating company sites across the UK, Germany, and Portugal.

 

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

 

Communications and Intelligence

 

·      EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016.  www.eid.pt

 

·      MASS is a specialist data technology company serving the defence and security markets, focused on electronic warfare, digital services, and training support.  Acquired by Cohort in August 2006. www.mass.co.uk

 

·      MCL designs, sources, and supports advanced electronic and surveillance technology for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

 

Sensors and Effectors

 

·      Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com

 

·      ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval marketplace.  Acquired by Cohort in December 2020.  www.elac-sonar.de 

 

·      SEA delivers and supports technology-based products for the defence and transport markets alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk

 

 

 

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