Cohort PLC Director/PDMR Shareholding (7117I)

TIDMCHRT

RNS Number : 7117I

Cohort PLC

09 August 2023

 
 One Waterside Drive 
  Arlington Business Park 
  Reading 
  Berks 
  RG7 4SW 
 
 
 
  9 August 2023 
 

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 share awards and share options.

Transfer of Share Awards

On 7 and 9 August 2023, Ordinary Shares that had vested 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       Total number     Total number of unvested 
               of Ordinary Shares    of Ordinary       Ordinary Shares under 
               vested on 7 August   Shares vested       the Restricted Share 
                                     on 9 August     Scheme following Transfers 
  AS Thomis          3,692             2,756                  11,400 
              -------------------  --------------  ---------------------------- 
 SR Walther          2,889             2,156                   8,912 
              -------------------  --------------  ---------------------------- 
 

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 shares of Cohort plc will be as follows:

 
  Director     Ordinary Shares*      % of the total 
                                   issued share capital 
  AS Thomis         242,477**             0.58 
              -----------------  ---------------------- 
 SR Walther        225,496                0.54 
              -----------------  ---------------------- 
 

*Not including unvested shares under the Restricted Share Scheme

** Includes 495 shares held by individuals recently falling into scope as connected persons

 
 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      Ordinary shares in Cohort plc 
       instrument, type of instrument    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)            6,448 Ordinary Shares at 0.00 
                                         pence 
     --------------------------------  ------------------------------- 
 f)   Aggregated Information            N/A 
        *    Price 
 
 
        *    Volume 
 
 
        *    Total 
     --------------------------------  ------------------------------- 
 g)   Date of transaction               7 and 9 August 2023 
     --------------------------------  ------------------------------- 
 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      Ordinary shares in Cohort plc 
       instrument, type of instrument    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)            5,045 Ordinary Shares at 0.00 
                                         pence 
     --------------------------------  ------------------------------- 
 f)   Aggregated Information            N/A 
        *    Price 
 
 
        *    Volume 
 
 
        *    Total 
     --------------------------------  ------------------------------- 
 g)   Date of transaction               7 and 9 August 2023 
     --------------------------------  ------------------------------- 
 h)   Place of transaction              Outside of a Main Market 
     --------------------------------  ------------------------------- 
 

S 

For further information please contact:

 
 Cohort plc                                    0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance Director 
 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     [e-mail] 
 

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.

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

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a

majority stake in June 2016.   www.eid.pt 

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 

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

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

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 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

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August 09, 2023 02:00 ET (06:00 GMT)