Director/PDMR Shareholding

RNS Number : 3146Z

Cohort PLC

09 January 2020

 

9 January 2020

COHORT PLC (the "Company")

Director Shareholdings

Cohort plc (the "Company") wishes to notify the market of the following director share transactions in Ordinary Shares of 10 pence each in the Company ("Ordinary Shares").

Andrew Thomis, Chief Executive

The Company has been informed on the 8 January 2020 that Mr Andrew Thomis has surrendered options over 51,344 ordinary shares of 10p each ("Ordinary Shares") under the Cohort plc Company Share Option Plan. Details of the options surrendered are as follows:

Number of Ordinary Shares	Exercise Price (pence)
24,250	167.5
4,153	197.5
10,470	372.5
12,471	340.0

In return for surrendering these options, the Company has agreed to issue 100 Ordinary Shares to Mr Andrew Thomis and 3,653 Ordinary Shares to Mrs Yasmin Thomis. In addition, a payment of £102,000.21 will be made to Mr Thomis, this being the value of the remaining shares under option after payment of the exercise price and all necessary income tax and national insurance.

The shares being issued to Mr and Mrs Thomis are to be satisfied through a transfer of shares from the Company's employee benefit trust. The market price per Ordinary Share upon which this transaction has been calculated was 729.0p per Ordinary Share, being the closing bid price per Ordinary Share on 7 January 2020.

In addition to the above, on the 8 January 2020, the Company also notifies the market that Andrew Thomis' son (Mstr Felix Thomis) purchased a total of 198 Ordinary Shares in the Company at a price of 729.0p per Ordinary Share.

Following these transactions, Mr Andrew Thomis' interest and that of his persons closely associated in Ordinary Shares has increased to 166,670, representing 0.41% of the total capital in the Company and Mr Andrew Thomis retains options over 32,784 Ordinary Shares in the Company.

Simon Walther, Finance Director

The Company has been informed on the 8 January 2020 that Mr Simon Walther has surrendered options over 18,365 Ordinary Shares under the Cohort plc Company Share Option Plan. Details of the options surrendered are as follows:

Number of Ordinary Shares	Exercise Price (pence)
8,483	372.5
9,882	340.0

In return for surrendering these options, the Company has agreed to issue 2,500 Ordinary Shares to Mr Simon Walther. In addition, a payment of £18,176.92 will be made to Mr Walther, this being the value of the remaining shares under option after payment of the exercise price and all necessary income tax and national insurance.

The shares being issued to Mr Simon Walther are to be satisfied through a transfer of shares from the Company's employee benefit trust. The market price per Ordinary Share upon which this transaction has been calculated was 729.0p per Ordinary Share, being the closing bid price per Ordinary Share on 7 January 2020.

Following this transaction, Mr Simon Walther's interest and that of his persons closely associated in Ordinary Shares has increased to 171,134, representing 0.42% of the total capital in the Company and Mr Simon Walther retains options over 23,420 Ordinary Shares in the Company.

This announcement is made in accordance with Article 19 of the 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 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	The trustees of the Cohort plc employee benefit trust transferred 2,500 Ordinary Shares to the PDMR following agreement by the Company of the surrender of 18,365 options granted under the Cohort plc Company Share Option Plan in exchange for a payment of £18,176.92 and the transfer of 2,500 Ordinary Shares.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Surrender: 8,483 Ordinary Shares at 372.5 pence per share 9,882 Ordinary Shares at 340.0 pence per share Transfer: 2,500 Ordinary Shares at 729.0 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	8 January 2020
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	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	The trustees of the Cohort plc employee benefit trust transferred 100 Ordinary Shares to the PDMR following agreement by the Company of the surrender of 51,344 options granted under the Cohort plc Company Share Option Plan in exchange for a payment of £102,000.21 and the transfer of 3,753 Ordinary Shares. The remaining 3,653 Ordinary Shares were transferred to Mrs Yasmin Thomis.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Surrender: 24,250 Ordinary Shares at 167.5 pence per share 4,153 Ordinary Shares at 197.5 pence per share 10,470 Ordinary Shares at 372.5 pence per share 12,471 Ordinary Shares at 340.0 pence per share Transfer: 100 Ordinary Shares at 729.0 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	8 January 2020
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	Yasmin Thomis
2	Reason for the notification
a)	Position/status	Wife of Andrew Thomis, 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	The trustees of the Cohort plc employee benefit trust transferred 3,653 Ordinary Shares to spouse of the PDMR (Mr Andrew Thomis) following agreement by the Company of the surrender of 51,344 options granted under the Cohort plc Company Share Option Plan in exchange for a payment of £102,000.21 and the total transfer of 3,753 Ordinary Shares.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Transfer: 3,653 Ordinary Shares at 729.0 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	8 January 2020
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	Felix Thomis
2	Reason for the notification
a)	Position/status	Son of Andrew Thomis, 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	Purchase of shares for dependent child
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Purchase: 198 Ordinary Shares at 729.0 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	8 January 2020
h)	Place of transaction	London Stock Exchange (AIM)

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
Daniel Adams / Chris Baird
MHP Communications Limited		020 3128 8100
Reg Hoare / Ollie Hoare / Alice McLaren

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 systems and technologies for detecting, tracking, classifying and disrupting naval, land and air threats. 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 defence and technology business, focused on electronic warfare, information systems and cyber security.  Acquired by Cohort in August 2006. www.mass.co.uk

MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training 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 is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. 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 950 core staff there and at its other operating company sites across the UK and in Portugal.

 

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