Employee Benefit Trust Purcha

RNS Number : 1431X

Cohort PLC

01 December 2010

 



30 November 2010                                                                                                                                                    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 the EBT purchased a total of 300,000 ordinary shares of 10 pence each in the Company on 29 November 2010 at a price of 83.0 pence per share.  The shares held in the EBT are intended to be used to satisfy future awards made under the Cohort plc 2006 Share Option Scheme and the Cohort PLC Savings Related Share Option Scheme.

The EBT is a discretionary trust for the benefit of employees of Cohort plc and its subsidiaries and is registered in the name of Cohort EBT Trustee Ltd.  The Executive Directors of Cohort plc are included as potential beneficiaries under the EBT and are deemed to be interested in those shares and the dealings thereof.

Following these transactions, the EBT holds 361,446 ordinary shares representing 0.89 per cent of the Company's total voting rights.

Ends

For further information, please contact

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

Cohort plc (www.cohortplc.com)  

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:

·     MASS (www.mass.co.uk) - a specialist systems house with considerable experience in the defence market and a focus on Information Systems.  MASS was acquired by Cohort in August 2006;

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

·     SEA (www.sea.co.uk) - an advanced systems and software house with hardware development capability operating in the defence, space and transport 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, through its operating companies, employs in total around 500 core staff there and at bases in Berkshire, Bristol, Cambridgeshire, Lincolnshire and Somerset.

 

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