Director/PDMR Shareholding

RNS Number : 5512V

Cohort PLC

07 August 2020

 

7 August 2020  AIM: CHRT

COHORT PLC (the Company)

Director Share Awards and Shareholdings

Grant and Transfer of Share Awards

On 7 August 2020, share awards of ordinary shares of 10 pence per share in the Company (Shares) pursuant to the 2013 Restricted Share Scheme established on 30 July 2013 (the Restricted Share Scheme) were granted to the executive directors of the Company for nil consideration. Also on 7 August 2020, Shares that had vested from previous awards in accordance with the rules of the Restricted Share Scheme were transferred to the executive directors of the Company (the Transfers). The following table sets out the details of the grant and Transfers:

Director	Number of Shares under this award	Number of Shares vested under this award	Number of Shares vested from previous awards	Total number of Shares vested and transferred on 7 August	Total number of unvested Shares under the Restricted Share Scheme following Grant and Transfers
Andrew Thomis, Chief Executive	14,771	3,693	14,076	17,769	25,408
Simon Walther, Finance Director	11,556	2,889	11,015	13,904	19,880

Full beneficial ownership of unvested 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 Share Scheme can be found in the Company's Annual Report and Accounts 2019.

Director Shareholdings

The Company also announces that it was notified on 7 August 2020 that:

a)  In order to effect a "Bed and ISA" transaction, Andrew Thomis today sold 2,834 Shares at a price of 661.11 pence per share from his nominee account and then repurchased, into his Individual Savings Account (ISA), 2,992 Shares at a price of 668 pence per share.

b)  Yasmin Thomis, a PCA of Andrew Thomis, in order to effect a "Bed and ISA" transaction, today sold 3,110 shares at a price of 640 pence per share from her nominee account and then repurchased, into her ISA, 2,952 shares at a price of 676.895 pence per Share.

As a result of the transactions detailed above, the beneficial interests of Andrew Thomis, Simon Walther and their PCAs in the Shares of Cohort plc are as follows:

Director	Ordinary shares*	% of the total issued share capital
Andrew Thomis	186,469	0.46
Simon Walther	185,383	0.45

*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)	17,769 Ordinary Shares at 0.00 pence
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	7 August 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	Award of shares under the Cohort plc 2013 Restricted Share Scheme
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	14,771 Ordinary Shares at 0.00 pence
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	7 August 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	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 share certificate in the name of Simon Walther
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	13,904 Ordinary Shares at 0.00 pence
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	7 August 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	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 shares under the Cohort plc 2013 Restricted Share Scheme
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	11,556 Ordinary Shares at 0.00 pence
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	7 August 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 (Shares)
b)	Identification Code	GB00B0YD2B94
c)	Nature of the transaction	Sale of Shares from nominee share account and re-purchase of shares by an ISA account
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Sale of 2,834 Shares at 661.11 pence; and Repurchase of 2,992 Shares at 668 pence
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	7 August 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	Yasmin Thomis
2	Reason for the notification
a)	Position/status	PCA of Andrew Thomis
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	Sale of Shares from nominee share account and re-purchase of shares by an ISA account
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Sale of 3,110 Shares at 640 pence; and Repurchase of 2,952 Shares at 676.895 pence
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	7 August 2020
h)	Place of transaction	London Stock Exchange

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 / 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, supplies surveillance, tracking and gunfire control systems for  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, transport and offshore energy 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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