Result of AGM

Cohort PLC

24 September 2024

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 24 September 2024

COHORT PLC

("Cohort")

Result of AGM

Cohort, the AIM listed independent technology group, announces that at its Annual General Meeting held earlier today all the resolutions contained within the Notice of Meeting dated 21 August 2024 were duly passed by shareholders.

A summary of the votes received for each resolution is as follows:

	For1	% For	Against	% Against	Total	% Total2	Withheld3
Ordinary Resolutions
1: Accounts	26,472,365	100.00%	0	0.00%	26,472,365	63.33	12,006
2: Dividend	26,482,919	100.00%	2	0.00%	26,482,921	63.35	1,450
3: Remuneration Report	26,072,450	99.97%	8,326	0.03%	26,080,776	62.39	2,894
4: Elect Peter Lynas	26,479,780	99.99%	1,500	0.01%	26,481,280	63.35	3,091
5: Re-elect Nick Prest CBE	25,647,585	99.56%	113,939	0.44%	25,761,524	61.63	722,847
6: Re-elect Andrew Thomis	26,468,350	99.95%	13,174	0.05%	26,481,524	63.35	2,847
7: Re-elect Simon Walther	26,431,502	99.81%	50,022	0.19%	26,481,524	63.35	2,847
8: Re-elect Edward Lowe	26,477,597	99.98%	4,255	0.02%	26,481,852	63.35	2,519
9: Re-elect Beatrice Nicholas	26,477,785	99.99%	3,739	0.01%	26,481,524	63.35	2,847
10: Re-appoint RSM	26,447,642	99.97%	8,967	0.03%	26,456,609	63.29	27,762
11: Auditor's Remuneration	26,479,864	99.99%	1,565	0.01%	26,481,429	63.35	2,942
12: Allot shares	26,466,993	99.94%	16,111	0.06%	26,483,104	63.35	1,267
Special Resolutions
13: General disapplication of pre-emption rights	25,747,968	97.22%	734,994	2.78%	26,482,962	63.35	1,409
14: Additional disapplication of pre-emption rights	25,734,445	97.17%	748,517	2.83%	26,482,962	63.35	1,409
15: Purchase own shares	26,418,649	99.94%	14,791	0.06%	26,433,440	63.24	50,931
16: General meeting notice	26,472,998	99.96%	10,442	0.04%	26,483,440	63.35	931

Jeff Perrin retired from the Cohort Board following today's AGM after 9 years during which he Chaired the Audit Committee, was a member of the Remuneration Committee and acted as Senior Independent Director. He brought diligence and wisdom to these roles and made a valuable contribution to the development of Cohort. The Board is most grateful to him. Peter Lynas has succeeded Jeff as Chairman of the Audit Committee and Senior Independent Director.

Notes:

1.     Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.     The total number of shares in issue is 41,801,761.

3.     A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

4.     All percentages are shown to two decimal places.

ENDS

For further information please contact:

Cohort plc	0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Kellie Young, (Interim) Group Head of Marketing and Corporate Communications
Raquel McGrath, Company Secretary
Investec Bank Plc (NOMAD and Broker)	020 7597 5970
Carlton Nelson, 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.

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 1,300 core staff there and at its other operating company sites across the UK, Germany, and Portugal.

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence

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

·      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

Sensors and Effectors

·      Chess Dynamics 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

·      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 

·      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

 

END