Result of AGM

RNS Number : 0800Z
Cohort PLC
15 September 2020
 

One Waterside Drive

Arlington Business Park

Reading

Berks

RG7 4SW

 

15 September

 

 

 

COHORT PLC

("Cohort" or "the Group")

Result of AGM

 

 

Cohort, the AIM listed independent technology group, announces that at its Annual General Meeting held earlier today all the resolutions contained within the Notice of Meeting dated 12 August 2020 were duly passed by shareholders.

 

A summary of the votes received for each resolution is as follows:

 


For1

% For

Against

% Against

Total

% Total2

Withheld3

Ordinary Resolutions


1: Accounts

19,459,540

62.61

11,622,016

37.39

31,081,556

75.86

1,213,195 

2: Dividend

32,294,447

99.99

304

0.01

32,294,751

78.85

0

3: Re-elect Simon Walther

32,292,319

99.99

2,104

0.01

32,294,423

78.85

328

4: Re-elect Jeff Perrin

31,891,618

99.99

2,104

0.01

31,893,722

77.87

401,029 

5: Appointment of Auditor

31,887,918

99.98

5,804

0.02

31,893,722

77.87

401,029 

6: Auditor's Remuneration

32,292,619

99.99

1,804

0.01

32,294,423

78.85

328

7: Allot shares

31,885,715

99.98

7,885

0.02

31,893,600

77.87

401,151 

Special Resolutions


8: Allot shares for cash

31,883,693

99.97

9,907

0.03

31,893,600

77.87

401,151 

9: Disapply pre-emption rights

32,287,506

99.98

7,123

0.02

32,294,629

78.85

122

10: Purchase own shares

32,290,178

99.99

3,123

0.01

32,293,301

78.84

1,450 

11: General meeting notice

38,287,388

99.98

7,363

0.02

38,294,751

93.50

0

 

Notes:

1.  Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.  The total number of shares in issue is 40,959,101.

3.  A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

4.  All percentages are shown to two decimal places.

 

The Board of Cohort notes the 37% of votes cast against Resolution 1. None of the shareholders who voted against the resolution had communicated any concerns to the Company prior to casting their votes. Subsequent contact has indicated that the votes reflected concerns about aspects of the Group's governance and remuneration policy. The votes were cast against Resolution 1 in the absence of resolutions pertaining to the matters of concern. The Board will engage with shareholders to gain a better understanding of their concerns on these matters and decide on any appropriate responses. There have been no concerns expressed by shareholders to the Company regarding the accounts presented under Resolution 1 or the audit procedures.

 

Ends

 

For further information, please contact:

 

Cohort plc


0118 909 0390

Andrew Thomis, Chief Executive
Simon Walther, Finance Director and Company Secretary



 



Investec Bank plc


020 7597 5970

Daniel Adams / Chris Baird






MHP Communications


020 3128 8100

Reg Hoare / Pete Lambie



 

 

NOTES TO EDITORS 

 

Cohort plc ( www.cohortplc.com ) is the parent company of five innovative, agile and responsive businesses based in the UK 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 electro-optical and electro-mechanical systems to the defence and security markets. It was acquired by Cohort plc in December 2018.  www.chess-dynamics.com  &  www.vision4ce.com

 

EID designs and manufactures advanced communications systems for the defence and security markets. 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

 

SEA delivers products and services into the defence and transport markets alongside performing specialist research, training and product support. 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 around 900 core staff there and at its other operating company sites across the UK and in Portugal.

 

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