Director/PDMR Shareholding

Cohort PLC
30 August 2023
 

One Waterside Drive

Arlington Business Park

Reading

Berks

RG7 4SW

 

 

 

30 August 2023

 

 

 

 

COHORT PLC

("Cohort" or "the Group")

 

Director Shareholdings

Grant of Long-Term Incentive Plan awards

The Company announces that on 29 August 2023 the following awards over ordinary shares of 10 pence each in the Company ("Shares") were granted under the Cohort plc Executive Long Term Incentive Plan ("LTIP") to the following directors and persons discharging managerial responsibilities:

Director / PDMR

Position

No. of Shares under award




Andrew Thomis

Chief Executive Officer

50,717

Simon Walther

Finance Director

39,635

The awards have been granted in the form of nil-cost options and will not normally become exercisable before 29 August 2026. Awards may become exercisable on that date, in whole or in part, dependent on performance against organic growth and total growth targets, equally weighted, measured over a three-year period.

Awards granted to Executive Directors are additionally subject to a two-year holding period following the vesting date.

Contact information

The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Thomis

2

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Cohort plc

b)

Legal Entity Identifier Code

213800WE61C73LZZNW11

4

Details of the transaction(s)

a)

Description of the financial instrument, type of instrument

Ordinary shares in Cohort plc with a nominal value of 10 pence each

b)

Identification Code

GB00B0YD2B94

c)

Nature of the transaction

Award of share options under the Cohort plc Executive Long Term Incentive Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

50,717 Shares at nil pence per share

f)

Aggregated Information

-       Price

-       Volume

-       Total

N/A

g)

Date of transaction

29 August 2023

h)

Place of transaction

Outside of a trading venue

 

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Walther

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Full name of the entity

Cohort plc

b)

Legal Entity Identifier Code

213800WE61C73LZZNW11

4

Details of the transaction(s)

a)

Description of the financial instrument, type of instrument

Ordinary shares in Cohort plc with a nominal value of 10 pence each

b)

Identification Code

GB00B0YD2B94

c)

Nature of the transaction

Award of share options under the Cohort plc Executive Long Term Incentive Plan

d)

Currency

GBP - British Pound

e)

Price(s) and Volume(s)

39,635 Shares at nil pence per share

f)

Aggregated Information

-       Price

-       Volume

-       Total

N/A

g)

Date of transaction

29 August 2023

h)

Place of transaction

Outside of a trading venue

 

 

 

ENDS

 

For further information please contact:

 

Cohort plc

 

0118 909 0390

Andy Thomis, Chief Executive

 

Simon Walther, Finance Director

 

Emily McBride, 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

cohort@mhpgroup.com

 

 

 

 

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 1,100 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

 

 

 

 

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