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Share Name Share Symbol Market Type Share ISIN Share Description
Cohort LSE:CHRT London Ordinary Share GB00B0YD2B94 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00p -1.33% 370.00p 360.00p 380.00p 375.00p 370.00p 375.00p 10,406 15:33:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 111.8 9.9 19.9 18.6 151.55

Cohort PLC Contract Announcement

12/02/2019 9:15am

UK Regulatory (RNS & others)


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Cohort PLC

12 February 2019

12 February 2019

Cohort plc

("Cohort" or "the Group")

Contract Announcement

MCL contracted to supply Electronic Systems to the UK Ministry of Defence (MOD)

Cohort plc, the independent technology group, today announces that its wholly-owned subsidiary, Marlborough Communications Ltd (MCL) has been awarded a five-year, sole-source contract to provide Electronic Systems for the MOD. The contract is valued at GBP15.1 million across an initial five-year period, with an option of a further two years.

Andy Thomis, Chief Executive of Cohort, said:

"This contract win is another great success for MCL. It exemplifies our approach of using our highly skilled and knowledgeable team to deliver world-class technology to the MOD. Together with other recent wins, this contract enhances the visibility of future Group revenue."

- Ends -

For further information, please contact:

 
 
 Cohort plc                         0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance Director 
 
 Investec Bank Plc                  020 7597 5970 
 Keith Anderson / Daniel Adams 
 
 MHP Communications                 020 3128 8771 
 Reg Hoare / Ollie Hoare / Luke 
  Briggs 
 

NOTES TO EDITORS

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

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers systems and technologies for detecting, tracking, classifying and disrupting naval, land and air threats. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016. www.eid.pt

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security. Acquired by Cohort in August 2006. www.mass.co.uk

MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training 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 is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. 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 its headquarters in Reading, Berkshire and employs in total around 950 core staff there and at its other operating company sites across the UK and in Portugal.

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.

END

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February 12, 2019 04:15 ET (09:15 GMT)

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