| One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
30 August 2023
|
|
COHORT PLC
("Cohort" or "the Group")
Director Shareholdings
Grant of Long-Term Incentive Plan awards
The Company announces that on 29 August 2023 the following awards over ordinary shares of 10 pence each in the Company ("Shares") were granted under the Cohort plc Executive Long Term Incentive Plan ("LTIP") to the following directors and persons discharging managerial responsibilities:
| Director / PDMR | Position | No. of Shares under award |
| | | |
| Andrew Thomis | Chief Executive Officer | 50,717 |
| Simon Walther | Finance Director | 39,635 |
The awards have been granted in the form of nil-cost options and will not normally become exercisable before 29 August 2026. Awards may become exercisable on that date, in whole or in part, dependent on performance against organic growth and total growth targets, equally weighted, measured over a three-year period.
Awards granted to Executive Directors are additionally subject to a two-year holding period following the vesting date.
Contact information
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 | 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 | Award of share options under the Cohort plc Executive Long Term Incentive Plan |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 50,717 Shares at nil pence per share |
| f) | Aggregated Information - Price - Volume - Total | N/A |
| g) | Date of transaction | 29 August 2023 |
| h) | Place of transaction | Outside of a trading venue |
| 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 | Award of share options under the Cohort plc Executive Long Term Incentive Plan |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 39,635 Shares at nil pence per share |
| f) | Aggregated Information - Price - Volume - Total | N/A |
| g) | Date of transaction | 29 August 2023 |
| h) | Place of transaction | Outside of a trading venue |
ENDS
For further information please contact:
|
Cohort plc |
0118 909 0390 |
| Andy Thomis, Chief Executive |
|
| Simon Walther, Finance Director |
|
| Emily McBride, Group Head of Marketing and Corporate Communications | |
| 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 | |
|
|
|
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.
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 1,100 core staff there and at its other operating company sites across the UK, Germany, and Portugal.
The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:
Communications and Intelligence
· EID designs and manufactures advanced communications systems for naval and military customers. 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
Sensors and Effectors
· 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
· 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
· 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
