Cohort PLC EBT purchase and exercise of Share Options (1565B)

TIDMCHRT

RNS Number : 1565B

Cohort PLC

05 October 2020

5 October 2020 AIM: CHRT

COHORT PLC

(the Company)

EBT purchase and exercise of options under the Sharesave Scheme

EBT purchase

The Company was notified on 2 October 2020 by the trustees of the Cohort Employee Benefit Trust (the EBT ) that they purchased 53,694 ordinary shares of 10 pence each in the Company ( Shares ) on 2 October 2020 at a price of 600 pence per Share. The Shares held in the EBT are intended to be used to satisfy awards made under the Cohort employee share schemes.

The EBT is a discretionary trust for the benefit of employees of Cohort plc and its subsidiaries. The Executive Directors of Cohort plc are included in the class of beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.

Following this transaction, which is due to settle on 6 October 2020, a total of 79,834 Shares representing 0.19 per cent of the Company's total voting rights will be held in the EBT.

Exercise of options under the Sharesave Scheme

The Company announces that Andrew Thomis, Chief Executive, and Simon Walther, Finance Director, exercised options over Shares pursuant to the maturity of options granted on 25 August 2017 under the Cohort plc Savings Related Share Option Scheme.

The table below provides further details:

 
 Director         Date of exercise    Option price    Options exercised   Beneficial 
                                       (pence per      and Shares          holdings following 
                                       Share)          retained            exercise (including 
                                                                           Persons Closely 
                                                                           Associated) 
                  1 October 
 Simon Walther     2020               408.5 pence     440                 189,230 
                 ------------------  --------------  ------------------  --------------------- 
                  5 October 
 Andrew Thomis     2020               408.5 pence     1,480               188,454 
                 ------------------  --------------  ------------------  --------------------- 
 

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                              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         Exercise of options under the 
                                         Cohort plc Savings Related 
                                         Share Option Scheme 
     --------------------------------  ------------------------------ 
 d)   Currency                          GBP - British Pound 
     --------------------------------  ------------------------------ 
 e)   Price(s) and Volume(s)            440 Shares at 408.5 pence per 
                                         share 
     --------------------------------  ------------------------------ 
 f)   Aggregated Information            N/A 
        *    Price 
 
 
        *    Volume 
 
 
        *    Total 
     --------------------------------  ------------------------------ 
 g)   Date of transaction               1 October 2020 
     --------------------------------  ------------------------------ 
 h)   Place of transaction              London Stock Exchange 
     --------------------------------  ------------------------------ 
 
 
 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         Exercise of options under the 
                                         Cohort plc Savings Related 
                                         Share Option Scheme 
     --------------------------------  ------------------------------- 
 d)   Currency                          GBP - British Pound 
     --------------------------------  ------------------------------- 
 e)   Price(s) and Volume(s)            1,480 at 408.5 pence per share 
     --------------------------------  ------------------------------- 
 f)   Aggregated Information            N/A 
        *    Price 
 
 
        *    Volume 
 
 
        *    Total 
     --------------------------------  ------------------------------- 
 g)   Date of transaction               5 October 2020 
     --------------------------------  ------------------------------- 
 h)   Place of transaction              London Stock Exchange 
     --------------------------------  ------------------------------- 
 

S 

For further information, please contact:

 
Cohort plc                          0118 909 0390 
Andrew Thomis, Chief Executive 
 Simon Walther, Finance Director 
 
Investec Bank plc                   020 7597 5970 
Daniel Adams / Chris Baird 
 
MHP Communications                  020 3128 8100 
Reg Hoare / Pete Lambie 
 

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 electro-optical and electro-mechanical systems to the defence and security markets. 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 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 products and services into the defence and transport markets alongside performing specialist research, training and product support. 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 around 900 core staff there and at its other operating company sites across the UK and in Portugal.

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October 05, 2020 12:58 ET (16:58 GMT)