EBT Purchase

RNS Number : 9859N
Cohort PLC
04 October 2012
 



4 October 2012                                                                                                                                                            AIM: CHRT

PRESS RELEASE

COHORT PLC ("Cohort")

EBT Purchase

The Company was notified today by the trustees of the Cohort Employee Benefit Trust ("EBT") that they have purchased 100,000 ordinary shares of 10 pence each in the Company on 3 October 2012, at a price of 118.5 pence per share.  The shares held in the EBT are intended to be used to satisfy awards made under the Cohort plc 2006 Share Option Scheme and the Cohort plc Savings Related Share Option Scheme.

 

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 these transactions a total of 561,446 ordinary shares, representing 1.38 per cent of the Company's total voting rights, are held in the EBT.

 

Ends

 

For further information please contact:

 

Cohort plc

0118 909 0390

Andy Thomis, Chief Executive


Simon Walther, Finance Director




Investec Bank Plc

020 7597 5970

Keith Anderson, Daniel Adams




MHP Communications Limited

020 3128 8100

Reg Hoare


 

 

NOTES TO EDITORS

 

Cohort plc (www.cohortplc.com) is the parent company for three innovative, agile and responsive businesses working primarily for defence (air, land and sea), wider government and industry clients. 

 

·      SCS (www.scs-ltd.co.uk) - a defence consultancy, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006. 

 

·      MASS (www.mass.co.uk) - a specialist defence and aerospace business, focused mainly on electronic warfare, information systems and electronic systems development.  Acquired by Cohort in August 2006.

 

·      SEA (www.sea.co.uk) - an advanced surveillance systems and software house with hardware development capability operating in the defence, space and transport market sectors.  Acquired by Cohort in October 2007. 

 

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and, through its operating companies, employs in total around 530 core staff there and at bases in Bristol, Cambridgeshire, Lincolnshire and Somerset. 


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