12 August 2019 AIM: CHRT
COHORT PLC (the "Company")
Director Share Awards and Shareholdings
Cohort plc (the "Company") wishes to notify the following changes in the interests of directors of the Company in ordinary shares of 10 pence in relation to share awards and share options.
Grant and Transfer of Share Awards
On 9 August 2019 share awards pursuant to the 2013 Restricted Share Scheme established on 30 July 2013 (the "Restricted Share Scheme") were granted to directors of the Company for nil consideration. Also on 9 August 2019, shares that had vested in accordance with the rules of the Restricted Share Scheme were transferred to the directors of the Company (the "Transfers"). The following table sets out the details of the Grant and Transfers:
Director |
Number of shares
under this award |
Number of shares vested and transferred on 9 August 2019 |
Total number of unvested shares under the Restricted Share Scheme following Grant and Transfers |
AS Thomis |
19,274 |
17,079 |
28,406 |
SR Walther |
15,082 |
13,395 |
22,228 |
Full beneficial ownership of Restricted Shares (including voting and dividend rights) will transfer to the recipients in stages over a three-year period from the date of grant. Recipients may only sell Restricted Shares with the approval of the Chairman of the Remuneration & Appointments Committee while they remain in employment with the Company. Further details regarding the Restricted Shares can be found in the Company's Annual Report and Accounts 2019.
Director Shareholdings
Following completion of the transactions detailed above on 9 August 2019, the interests of Mr Thomis and Mr Walther and their connected persons in the shares of Cohort plc will be as follows:
Director |
Ordinary shares* |
% of the total issued share capital |
AS Thomis |
160,570 |
0.39 |
SR Walther |
166,146 |
0.41 |
*Not including unvested shares under the Restricted Share Scheme
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Andrew Thomis |
2 |
Reason for the notification |
a) |
Position/status |
Chief Executive |
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 |
Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a nominee account in the name of Andrew Thomis |
d) |
Currency |
GBP - British Pound |
e) |
Price(s) and Volume(s) |
17,079 Ordinary Shares at 0.00 pence |
f) |
Aggregated Information - Price - Volume - Total |
N/A |
g) |
Date of transaction |
9 August 2019 |
h) |
Place of transaction |
Outside of a Main Market |
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 |
Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a nominee account in the name of Simon Walther |
d) |
Currency |
GBP - British Pound |
e) |
Price(s) and Volume(s) |
6,698 Ordinary Shares at 0.00 pence |
f) |
Aggregated Information - Price - Volume - Total |
N/A |
g) |
Date of transaction |
9 August 2019 |
h) |
Place of transaction |
Outside of a Main Market |
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES |
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Phillippa Walther-Caine |
2 |
Reason for the notification |
a) |
Position/status |
Simon Walther's spouse |
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 |
Transfer to a nominee account in the name of Phillippa Walther-Caine following the vesting of shares belonging to Simon Walther under the Cohort plc 2013 Restricted Share Scheme |
d) |
Currency |
GBP - British Pound |
e) |
Price(s) and Volume(s) |
6,697 Ordinary Shares at 0.00 pence |
f) |
Aggregated Information - Price - Volume - Total |
N/A |
g) |
Date of transaction |
9 August 2019 |
h) |
Place of transaction |
Outside of a Main Market |
Ends
For further information, please contact:
Cohort plc |
|
0118 909 0390 |
Andrew Thomis, Chief Executive
Simon Walther, Finance Director |
|
|
|
|
|
Investec Bank plc |
|
020 7597 5970 |
Daniel Adams / Chris Baird |
|
|
|
|
|
MHP Communications Limited |
|
020 3128 8100 |
Reg Hoare / Ollie Hoare / Luke Briggs |
|
|
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 systems and technologies for detecting, tracking, classifying and disrupting naval, land and air threats. 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 defence and technology business, focused on electronic warfare, information systems and cyber security. Acquired by Cohort in August 2006. www.mass.co.uk
MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training 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 is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. 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 its headquarters in Reading, Berkshire and employs in total around 950 core staff there and at its other operating company sites across the UK and in Portugal.
