Director Share Options

RNS Number : 8458Z

Cohort PLC

05 September 2018

 

5 September 2018

COHORT PLC (the "Company")

Director Share Options

Cohort plc (the "Company") hereby notifies the market that, on 1 September 2018 share options pursuant to the Cohort plc 2016 Savings Related Share Option Scheme were granted to Mr Andrew Thomis and Mr Simon Walther as follows:

Director	Scheme Type	Number of shares under this option	SAYE Exercise Price (pence)	Total number of shares under option following grant
AS Thomis	SAYE	1,993	390.00	75,626
SR Walther	SAYE	673	390.00	36,129

The SAYE options are made pursuant to three-year savings contracts and the exercise price is based on the share price at close of business on the 9 August 2018 (the date before invitation).

Director Participation in Share Incentive Plan

On 1 September 2018, Mr Andrew Thomis and Mr Simon Walther joined the Cohort plc Share Incentive Plan ("SIP"). Under the SIP, Mr Thomis and Mr Walther have each committed to contribute £150 per month from pre-tax pay for a 12-month accumulation period. The total amount saved will be used to purchase Company shares at a price which is the lower of 415.00p and the market price on the final day of the accumulation period.

Director Shareholdings

Andrew Thomis, Chief Executive

The Company also notifies the market that, on 3 September 2018, Andrew Thomis notified the Company that he had received 2,300 ordinary shares of 10 pence each from the trustee of the Cohort plc Employee Benefit Trust ("EBT") pursuant to the exercise of an option granted under the Cohort plc Savings Related Share Option Scheme on 14 August 2015. 

Following the transaction, Andrew Thomis' interest and that of his persons closely associated in Ordinary Shares is 140,526 shares, representing 0.34% of the total issued share capital of the Company.

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 Officer
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 trustee of the Cohort plc Employee Benefit Trust transferred shares to the PDMR pursuant to the exercise of an option granted under the Cohort plc Savings Related Share Option Scheme on 14 August 2015.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	2,300 shares at 338.00 pence
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	3 September 2018
h)	Place of transaction	London Stock Exchange

Simon Walther, Finance Director

The Company also notifies the market that, on 3 September 2018, Simon Walther notified the Company that he had received 468 ordinary shares of 10 pence each from the EBT pursuant to the exercise of an option granted under the Cohort plc Savings Related Share Option Scheme on 14 August 2015.

Following the transaction, Simon Walther's interest and that of his persons closely associated in Ordinary Shares is 151,638 shares, representing 0.37% of the total issued share capital of the Company.

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 trustee of the Cohort plc Employee Benefit Trust transferred shares to the PDMR pursuant to the exercise of an option granted under the Cohort plc Savings Related Share Option Scheme on 14 August 2015.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	468 shares at 338.00 pence
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	3 September 2018
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
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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