Directorate Change

Cohort PLC
13 December 2023
 

One Waterside Drive

Arlington Business Park

Reading

Berks

RG7 4SW

 

 

 

13 December 2023

 

 

 

 

 

 

COHORT PLC

("Cohort", "the Company" or "the Group")

 

DIRECTORATE CHANGE

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

 

Cohort, the independent technology group, is pleased to announce the appointment of Peter John Lynas as a non-executive director, with effect from 2 January 2024. He will also become a member of the Audit, Remuneration and Nomination Committees. Jeff Perrin, currently Chairman of the Audit Committee, has advised the Board of his intention to retire from the Board following the 2024 AGM, after 9 years in post, and it is planned that Peter Lynas will then replace him as Chairman of the Audit Committee.

Peter Lynas is a qualified FCCA who spent the early part of his career in a variety of financial roles, primarily with GEC Marconi. From 2000 he was at BAE Systems, first as Group Controller and then as Group Finance Director from 2011 until his retirement in 2020. In addition to his wide and deep knowledge of all aspects of finance in the international defence and aerospace sector, encompassing financial control and reporting, treasury, tax, risk management, M&A and investor relations, Peter has considerable experience of programme management and strategy development and execution.

Peter is also a non-executive director of FirstGroup plc and he served as a non-executive Director of SSE plc from 2014 until 2023.

 

Nick Prest, Chairman of Cohort said:

"I am delighted that we will shortly be welcoming Peter Lynas to the Board. His financial acumen and experience of our industry will be of great value as we take Cohort to the next stage of its development."

Other than as set out in this announcement, there are no further disclosures required under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

ENDS

 

For further information please contact:

 

Cohort plc

 

0118 909 0390

Nick Prest, Chairman

Andy Thomis, Chief Executive

 

Simon Walther, Finance Director

 

Raquel McGrath, Company Secretary

Emily McBride, Group Head of Marketing and Corporate Communications

 

 

 

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

 

 

 

 

 

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies

 

Peter John Lynas (age 65)

 

Current Directorships

Directorships held in the last five years

 

FirstGroup PLC

SSE PLC



BAE Systems Pension Funds CIF Trustees Ltd


BAE Systems Pension Funds Investment Management Limited


BAE Systems PLC



BAE Systems (Holdings) Limited



BAE Systems (Operations) Limited



Salford Electrical Instruments Limited



BAE Systems China (Exports) Limited

 

 

 

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 1,200 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

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Cohort (CHRT)
UK 100

Latest directors dealings