EBT Purchase of Shares

RNS Number : 5596L
Cohort PLC
03 January 2023
 

One Waterside Drive

Arlington Business Park

Reading

Berks

RG7 4SW

 

 

 

3 January 2023

 

 

 

 

COHORT PLC

("Cohort" or "the Group")

EBT PURCHASE OF SHARES

 

 

Cohort, the AIM listed independent technology group, received notification on 3 January 2023 from the trustees of the Cohort Employee Benefit Trust (the "EBT") that the EBT had purchased a total of 27,500 ordinary shares of 10 pence each in the Company ("Shares") in two tranches as set out below:

 

Date

Number of shares

Price per share

23 December 2022

23,000

£4.948022

30 December 2022

4,500

£5.00

 

The Shares held in the EBT are intended to be used to satisfy awards made under the Cohort employee share schemes.

 

The EBT is a discretionary trust for the benefit of employees of Cohort plc and its subsidiaries. The Executive Directors of Cohort plc are included in the class of beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.

 

Following this transaction, a total of 655,090 Shares representing 1.58 per cent of the Company's total voting rights is held in the EBT.

 

 

 

ENDS

 

For further information please contact:

Cohort plc

0118 909 0390

Andy Thomis, Chief Executive


Simon Walther, Finance Director


Raquel McGrath, Company Secretary



Investec Bank Plc (NOMAD and Broker)

020 7597 5970

Daniel Adams, 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.

 

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, 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  

 

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

 

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  

 

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

 

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

 

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 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

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