Cohort PLC Director/PDMR Shareholding (7387X)

TIDMCHRT

RNS Number : 7387X

Cohort PLC

14 August 2018

14 August 2018

COHORT PLC (the "Company")

Director Share Awards, Options and Shareholdings

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

Grant and Transfer of Share Awards

On 10 August 2018 share awards pursuant to the 2013 Restricted Share Scheme established on 30 July 2013 (the "Restricted Share Scheme") were granted to directors of the Company for nil consideration. The transfer of shares that are due to vest on the 10 August, 15 August and the 20 August 2018 in accordance with the rules of the Restricted Share Scheme were also approved by the Board. The following table sets out the details of the Grant and Transfers:

 
  Director     Number of shares      Number of shares         Total number of unvested 
                  under this      vested and transferred*    shares under the Restricted 
                     award                                     Share Scheme following 
                                                                Grant and Transfers* 
 AS Thomis          18,779                14,889                       26,211 
              -----------------  ------------------------  ----------------------------- 
 SR Walther         14,695                11,753                       20,541 
              -----------------  ------------------------  ----------------------------- 
 

*Following the transfer of shares on 20 August 2018.

Full beneficial ownership of Restricted Shares (including voting and dividend rights) will transfer to the recipients in stages over a three-year period from the date of grant. Recipients may only sell Restricted Shares with the approval of the Chairman of the Remuneration & Appointments Committee while they remain in employment with the Company. Further details regarding the Restricted Shares can be found in the Company's Annual Report and Accounts 2018.

Grant of Share Options

On 10 August 2018 share options pursuant to the Cohort plc 2016 Company Share Option Plan were granted to directors of the Company as follows:

 
         Director             Number of     Exercise Price    Total number of 
                             shares under       (pence)      shares under option 
                             this option                       following grant 
 AS Thomis - Unapproved         9,846           390.00             75,933 
                           --------------  ---------------  -------------------- 
 SR Walther - Unapproved        7,704           390.00             35,924 
                           --------------  ---------------  -------------------- 
 

The options can be exercised between 10 August 2021 and 9 August 2028.

Director Shareholdings

Following completion of the transactions detailed above on 20 August 2018, 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         138,240               0.34% 
              ----------------  ---------------------- 
 SR Walther        151,170               0.37% 
              ----------------  ---------------------- 
 

Ends

For further information, please contact:

 
Cohort plc                          0118 909 0390 
Andrew Thomis, Chief Executive 
 Simon Walther, Finance Director 
 
Investec Bank plc                   020 7597 5970 
Keith Anderson / Daniel Adams 
 
MHP Communications Limited          020 3128 8100 
Reg Hoare / Ollie Hoare / Vera 
 Prokhorenko 
 

NOTES TO EDITORS

Cohort is the parent company of four 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.

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.

www.mass.co.uk

MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.

www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets.

www.eid.pt

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 [e-mail] or visit www.rns.com.

END

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August 14, 2018 04:15 ET (08:15 GMT)