Director/PDMR Shareholding

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
under this award

Number of shares vested and transferred*

Total number of unvested shares under the Restricted 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 shares under this option

Exercise Price
(pence)

Total number of shares under 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

 


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