EBT Purchase

RNS Number : 3244W

Cohort PLC

24 December 2013

 



24 December 2013                                                                                                                                                     AIM: CHRT

PRESS RELEASE

COHORT PLC ("Cohort")

EBT Purchase

The Company was notified yesterday by the trustees of the Cohort Employee Benefit Trust ("EBT") that they have purchased 860,000 ordinary shares of 10 pence each in the Company on 20 December 2013, at a price of 195.7 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 these transactions a total of 1,323,617 ordinary shares, representing 3.2 per cent of the Company's total voting rights, are held in the EBT.

Ends

For further information, please contact

Cohort plc	Andrew Thomis, Chief Executive	[phone]
	Simon Walther, Finance Director
Investec	Keith Anderson, Daniel Adams	[phone]
MHP Communications	Reg Hoare, Vicky Watkins	[phone]

Cohort plc (www.cohortplc.com) (@Cohortplc)

Cohort is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through three market-facing subsidiary companies:

Ÿ MASS (www.mass.co.uk) - a specialist systems house with considerable experience in the defence market and a focus on information systems. Based in Cambridgeshire, MASS was acquired by Cohort in August 2006;

Ÿ SCS (www.scs-ltd.co.uk) - a defence technical advisory business, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006;

Ÿ SEA (www.sea.co.uk) - an advanced surveillance systems and software house with hardware development capability operating in the defence, space and transport market sectors. Acquired by Cohort in October 2007.

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 500 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Lincolnshire and Somerset.

 

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