Employee Benefit Trust Purchase

RNS Number : 5792J

Cohort PLC

08 August 2012

 



8 August 2012                                                                                                                                                              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 100,000 ordinary shares of 10 pence each in the Company on 7 August 2012 at a price of 117.5 pence per share.  The shares held in the EBT are intended to be used to satisfy 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.  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 461,446 ordinary shares, representing 1.13 per cent of the Company's total voting rights, are held in the EBT.

Ends

For further information please contact:

Cohort plc	0118 909 0390
Andy 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

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company for three innovative, agile and responsive businesses working primarily for defence (air, land and sea), wider government and industry clients. 

·      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. 

·      MASS (www.mass.co.uk) - a specialist defence and aerospace business, focused mainly on electronic warfare, information systems and electronic systems development.  Acquired by Cohort in August 2006.

·      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, through its operating companies, employs in total around 530 core staff there and at bases in Bristol, Cambridgeshire, Lincolnshire and Somerset. 

 

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