COHORT PLC

("Cohort" or "the Group")

Directorate change

Cohort plc, the independent technology Group, announces that Stanley Carter has informed the Board that he does not intend to stand for re-election as a non-executive Director at Cohort's Annual General Meeting which is scheduled for 27 September 2022.

Stanley has been with Cohort since its formation in 2006, initially as its Chief Executive before becoming Co-Chairman in 2009. In 2015, Stanley stepped down from Co-Chairman to become a non-executive Director.

Nick Prest, Chairman of Cohort, said:

"Stanley Carter has made an immense contribution to the development and success of Cohort since co-founding it with me in 2006. The Board and all Cohort staff are grateful to him for his leadership and support through different phases of the company's development, and we look forward to continuing the relationship with him as a major shareholder."

Stanley Carter, non-executive Director of Cohort, said:

"It has been a privilege to have been involved with Cohort for so many years, from its inception to the growing international group it is today.  I believe now is an appropriate time for me to step down from the board.  I remain a supportive shareholder and look forward to following the Group's continued progress."

ENDS

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NOTES TO EDITORS  

1.     Stanley jointly founded Cohort with Nick Prest in 2006 with SCS as the launch vehicle on flotation. Prior to that he was managing director of SCS, which he founded in 1992 on leaving the regular Army.

2.     Cohort has entered into a shareholder agreement with Stanley Carter regarding his shareholding (22.14 per cent).

3.     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. A majority stake was acquired by Cohort plc in 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.