Director/PDMR Shareholding

Cohort PLC

18 August 2026

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 18 August 2026

COHORT PLC

("Cohort" or "the Company")

Director/PDMR Shareholdings

The Company announces that on 14 August 2026 Simon Walther, Finance Director, exercised options over 27,776 ordinary shares of 10 pence each in the Company ("Shares"), granted to him under the Cohort Company Share Option Plan. On the same day Simon Walther sold 24,958 Shares at a price of 1,410 pence per Shares to meet the tax liabilities and exercise costs.

Also, on 14 August 2026 a bonus award of 312 Shares was made to Christopher Axcell, Chief Operating Officer and PDMR of the Company, based on a price of 1,352 pence per Share. 

As a result of the above transactions, the beneficial interests of each PDMR in the Shares of the Company are as follows:

Name	No. of Shares	% of Issued Share Capital
Simon Walther	155,459	0.33%
Christopher Axcell	312	<0.01%

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	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	Exercise of options under the Cohort Company Share Option Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Number of Shares Exercise Price 7,704 390p 5,922 487.5p 6,581 620p 7,569 539p Total: 27,776
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	14 August 2026
h)	Place of transaction	London Stock Exchange - AIM

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	Sale to meet exercise costs and tax liabilities of Shares acquired under the Cohort Company Share Option Plan
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	24,958 Shares at 1,410 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	14 August 2026
h)	Place of transaction	London Stock Exchange - AIM

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Axcell
2	Reason for the notification
a)	Position/status	Chief Operating Office
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 Shares under the Cohort plc
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	312 Shares at 1352 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	14 August 2026
h)	Place of transaction	Outside of a MAIN market

ENDS

For further information contact:

Cohort plc                                                                                                        0118 9090390                                                     

Andrew Thomis, Chief Executive

Simon Walther, Finance Director

Raquel McGrath, General Counsel and Company Secretary

Kellie Young, Group Head of Investor Communications

Investec Bank plc (NOMAD and Broker)                                                                        0207 597 5970

Carlton Nelson, Christopher Baird

MHP                                                                                                                 0203 128 8276

Reg Hoare, Ollie Hoare, Hugo Harris                                                                   [e-mail]

NOTES TO EDITORS  

Cohort plc (www.cohortplc.com) is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany, Italy, Canada 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 1,700 core staff there and at its other operating company sites.

The Group is split into two divisions: Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence ("C&I")

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

·      EM Solutions designs, assembles, tests, and supports advanced mobile satellite communications terminals for naval and other customers. Acquired by Cohort in January 2025. www.emsolutions.com.au

·      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 ("S&E")

·      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 market alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk

 

END