Director/PDMR Shareholding

RNS Number : 3388O

Cohort PLC

05 August 2014

 



05 August 2014

COHORT PLC (the "Company")

Director Shareholdings

Andrew Thomis, Chief Executive

The Company has been informed today that Mr Thomis has applied to exercise an EMI option over 40,650 Ordinary Shares with an exercise price of 123.0 pence granted on 8 March 2006 pursuant to the Cohort plc 2006 Share Option Scheme.  He intends to transfer the Ordinary Shares to his wife who will sell sufficient Ordinary Shares to cover the exercise costs.  Following this Mr and Mrs Thomis will each apply to invest up to £15,000 of their respective shareholdings in Ordinary Shares in an ISA.  The actual number of Ordinary Shares involved will depend on the price at the time of each above event, and Mr Thomis' interest and that of his connected persons in Ordinary Shares will be confirmed following completion of the final transaction.

Simon Walther, Finance Director

The Company has been informed today that Mr Walther has applied to exercise an approved option over 32,786 Ordinary Shares with an exercise price of 91.5 pence granted on 27 July 2011 pursuant to the Approved Share Option Subplan to the Cohort plc 2006 Share Option Scheme.  He intends to sell sufficient Ordinary Shares to cover the exercise costs and transfer half the remaining Ordinary Shares to his wife.  Following this Mr and Mrs Walther will apply to invest up to £5,000 of their respective shareholdings in Ordinary Shares in an ISA.  The actual number of Ordinary Shares involved will depend on the price at the time of each above event, and Mr Walther's interest and that of his connected persons in Ordinary Shares will be confirmed following completion of the final transaction.

Ends

For further information, please contact

Cohort plc                                                                                           [phone]

Andrew Thomis, Chief Executive                                            

Simon Walther, Finance Director   

Investec                                                                                               [phone]

Keith Anderson, Daniel Adams       

MHP Communications                                                                   [phone]

Reg Hoare, Vicky Watkins           

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.

 

END

 

 

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