TIDMCHRT

RNS Number : 8958W

Cohort PLC

24 August 2015

24 August 2015

COHORT PLC (the "Company")

Director Share Awards, Options 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 20 August 2015 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 (the "Grant"). Also on 20 August, 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     Number of shares         Total number of unvested 
                  under this      vested and transferred    shares under the Restricted 
                     award                                    Share Scheme following 
                                                                Grant and Transfers 
 AS Thomis          10,512               10,489                       20,579 
              -----------------  -----------------------  ----------------------------- 
 SR Walther         8,518                 8,778                       16,936 
              -----------------  -----------------------  -----------------------------

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 2015.

Grant of Share Options

On 20 August 2015 share options pursuant to the Cohort plc 2006 Share Option Scheme ("Unapproved") were granted to directors of the Company as follows:

 
         Director             Number of     Exercise Price    Total number of 
                             shares under       (pence)      shares under option 
                             this option                       following grant 
 AS Thomis - Unapproved        10,470           372.5             279,865 
                           --------------  ---------------  -------------------- 
 SR Walther - Unapproved        8,483           372.5             203,412 
                           --------------  ---------------  --------------------

The options can be exercised between 20 August 2018 and 19 August 2025.

Director Shareholdings

Following all transactions to date, including those detailed above, the interests of Mr Thomis and Mr Walther and their connected persons in the shares of Cohort plc are as follows:

 
  Director     Ordinary shares      % of the total 
                                  issued share capital 
 AS Thomis         96,708                0.24 
              ----------------  ---------------------- 
 SR Walther        87,929                0.21 
              ----------------  ----------------------

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, Jamie Ricketts

NOTES TO EDITORS

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

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

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

-- SEA (www.sea.co.uk) - an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007.

-- MCL (www.marlboroughcomms.com) - 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.

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 650 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey and Scotland.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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