Issue of Equity

RNS Number : 0975N

Cohort PLC

23 July 2014

 



23 July 2014                                                                                                                        AIM: CHRT

PRESS RELEASE

COHORT PLC ("Cohort")

Option Exercise

Option Exercise

Cohort announces that it has issued and allotted 485 new ordinary shares of 10p each in the capital of Cohort pursuant to the exercise of share options under the Cohort plc Savings Related Share Option Scheme established on 16 February 2006.

Following this exercise, Cohort's issued share capital consists of 40,959,101 ordinary shares of 10p each with voting rights.  Cohort does not hold any shares in treasury.

Therefore, the total number of voting rights in Cohort is 40,959,101.  This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Cohort under the FCA's Disclosure and Transparency Rules.

Application has been made for admission of these shares to trading on AIM and dealings in the new ordinary shares are expected to commence on 29 July 2014.

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

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

MASS - a specialist systems house with considerable experience in the defence market and a focus on electronic warfare operational support and secure information systems. Based in Cambridgeshire, MASS was acquired by Cohort in August 2006;

MCL - an expert in electronic and surveillance technology design and manufacturing, product and in the field support and training for a range of specialist UK end users, including the MOD and other governmental agencies. Based in Surrey, MCL has been part of the Group since July 2014;

SCS - a defence technical advisory business, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006;

SEA - an advanced surveillance systems and software house with hardware development capability operating in the defence and transport market sectors. Acquired by Cohort in October 2007.

Cohort 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, Somerset and Surrey.

 

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