| One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
20 September 2024
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COHORT PLC
("Cohort" or "the Company")
Grant of Share Options under the Sharesave Scheme
Pursuant to an invitation issued to all employees on 23 August 2024, the Company granted options over ordinary shares of 10 pence each in the Company on 19 September 2024 under the Cohort plc 2016 Savings Related Share Option Scheme (SAYE) to Andrew Thomis, Chief Executive, and Simon Walther, Finance Director, as follows:
| Director | Number of options granted | Exercise Price (pence)
| Vesting date |
| Andrew Thomis | 1,369 | 699.2 | 19 September 2027 |
| Simon Walther | 880 | 699.2 | 19 September 2027 |
The SAYE options are made pursuant to three-year savings contracts and the exercise price, which is discounted by 20%, is based on the share price at close of business on 22 August 2024, being the dealing day immediately prior to the date of invitation to apply for options. The savings contracts may be cancelled at any time during the three-year period.
The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
| 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 | Grant of share options under the Cohort plc 2016 Savings Related Share Option Scheme |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 1,369 share options at 699.2 pence |
| f) | Aggregated Information - Price - Volume - Total | N/A |
| g) | Date of transaction | 19 September 2024 |
| h) | Place of transaction | Outside of a trading venue |
| 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 | Grant of share options under the Cohort plc 2016 Savings Related Share Option Scheme |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 880 share options at 699.2 pence |
| f) | Aggregated Information - Price - Volume - Total | N/A |
| g) | Date of transaction | 19 September 2024 |
| h) | Place of transaction | Outside of a trading venue |
ENDS
For further information please contact:
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Cohort plc |
0118 909 0390 |
| Andrew Thomis, Chief Executive |
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| Simon Walther, Finance Director |
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| Kellie Young, (Interim) Group Head of Marketing and Corporate Communications | |
| Raquel McGrath, Company Secretary | |
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Investec Bank Plc (NOMAD and Broker) |
020 7597 5970 |
| Carlton Nelson, Christopher Baird |
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MHP |
020 3128 8276 |
| Reg Hoare, Ollie Hoare, Hugo Harris | |
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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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