EBT purchase and exercise of Share Options

RNS Number : 1565B

Cohort PLC

05 October 2020

 

5 October 2020  AIM: CHRT

COHORT PLC

(the Company)

EBT purchase and exercise of options under the Sharesave Scheme

EBT purchase

The Company was notified on 2 October 2020 by the trustees of the Cohort Employee Benefit Trust (the EBT ) that they purchased 53,694 ordinary shares of 10 pence each in the Company ( Shares ) on 2 October 2020 at a price of 600 pence per Share. The Shares held in the EBT are intended to be used to satisfy awards made under the Cohort employee share schemes.

The EBT is a discretionary trust for the benefit of employees of Cohort plc and its subsidiaries. The Executive Directors of Cohort plc are included in the class of beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.

Following this transaction, which is due to settle on 6 October 2020, a total of 79,834 Shares representing 0.19 per cent of the Company's total voting rights will be held in the EBT.

Exercise of options under the Sharesave Scheme

The Company announces that Andrew Thomis, Chief Executive, and Simon Walther, Finance Director, exercised options over Shares pursuant to the maturity of options granted on 25 August 2017 under the Cohort plc Savings Related Share Option Scheme.

The table below provides further details:

Director	Date of exercise	Option price (pence per Share)	Options exercised and Shares retained	Beneficial holdings following exercise (including Persons Closely Associated)
Simon Walther	1 October 2020	408.5 pence	440	189,230
Andrew Thomis	5 October 2020	408.5 pence	1,480	188,454

The information set out below is provided in accordance with the requirements of Article 19 of the EU 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	Exercise of options under the Cohort plc Savings Related Share Option Scheme
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	440 Shares at 408.5 pence per share
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	1 October 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	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	Exercise of options under the Cohort plc Savings Related Share Option Scheme
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	1,480 at 408.5 pence per share
f)	Aggregated Information -  Price -  Volume -  Total	N/A
g)	Date of transaction	5 October 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		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, offers electro-optical and electro-mechanical systems to 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 and transport 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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