| One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
11 August 2023
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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 11 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 of Ordinary Shares vested on 11 August | Total number of unvested Ordinary Shares under the Restricted Share Scheme following Transfers |
| AS Thomis | 698 | 10,702 |
| SR Walther | 545 | 8,367 |
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 | 243,175 | 0.59 |
| SR Walther | 226,041 | 0.55 |
*Not including unvested shares under the Restricted Share Scheme
| 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 | 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) | 698 Ordinary Shares at 0.00 pence |
| f) | Aggregated Information - Price - Volume - Total | N/A |
| g) | Date of transaction | 11 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 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 | 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) | 545 Ordinary Shares at 0.00 pence |
| f) | Aggregated Information - Price - Volume - Total | N/A |
| g) | Date of transaction | 11 August 2023 |
| h) | Place of transaction | Outside of a Main Market |
ENDS
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 | cohort@mhpgroup.com |
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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