Director Share Awards and Shareholdings

RNS Number : 5542I

Cohort PLC

12 August 2019

 

12 August 2019                                                                                                                                                   AIM: CHRT

COHORT PLC (the "Company")

Director Share Awards 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 9 August 2019 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. Also on 9 August 2019, shares that had vested in accordance with the rules of the Restricted Share Scheme were transferred to the 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 and transferred on 9 August 2019	Total number of unvested shares under the Restricted Share Scheme following Grant and Transfers
AS Thomis	19,274	17,079	28,406
SR Walther	15,082	13,395	22,228

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 2019.

Director Shareholdings

Following completion of the transactions detailed above on 9 August 2019, 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	160,570	0.39
SR Walther	166,146	0.41

*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)	17,079 Ordinary Shares at 0.00 pence
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	9 August 2019
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)	6,698 Ordinary Shares at 0.00 pence
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	9 August 2019
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	Phillippa Walther-Caine
2	Reason for the notification
a)	Position/status	Simon Walther's spouse
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	Transfer to a nominee account in the name of Phillippa Walther-Caine following the vesting of shares belonging to Simon Walther under the Cohort plc 2013 Restricted Share Scheme
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	6,697 Ordinary Shares at 0.00 pence
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	9 August 2019
h)	Place of transaction	Outside of a Main Market

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 / Luke Briggs

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 its 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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