EBT Purchase of Shares

RNS Number : 5596L

Cohort PLC

03 January 2023

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 3 January 2023

COHORT PLC

("Cohort" or "the Group")

EBT PURCHASE OF SHARES

Cohort, the AIM listed independent technology group, received notification on 3 January 2023 from the trustees of the Cohort Employee Benefit Trust (the "EBT") that the EBT had purchased a total of 27,500 ordinary shares of 10 pence each in the Company ("Shares") in two tranches as set out below:

Date	Number of shares	Price per share
23 December 2022	23,000	£4.948022
30 December 2022	4,500	£5.00

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, a total of 655,090 Shares representing 1.58 per cent of the Company's total voting rights is held in the EBT.

ENDS

For further information please contact:

Cohort plc	0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Raquel McGrath, Company Secretary
Investec Bank Plc (NOMAD and Broker)	020 7597 5970
Daniel Adams, Christopher Baird
MHP	020 3128 8276
Reg Hoare, Ollie Hoare, Hugo Harris	[e-mail]

NOTES TO EDITORS 

Cohort plc ( www.cohortplc.com ) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany 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 surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018.  www.chess-dynamics.com  

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016.  www.eid.pt

ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval marketplace.  Acquired by Cohort in December 2020.  www.elac-sonar.de  

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 and supports technology-based products for the defence and transport markets alongside specialist research and training services. 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 over 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

 

END

 

 

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