|
One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
2 August 2024
|
|
COHORT PLC
("Cohort" or "the
Company")
Director Shareholdings
Cohort plc wishes to notify the
following changes in the interests of directors of the Company in
ordinary shares of 10 pence ("Ordinary Shares") in relation to the
vesting of the Executive Long Term Incentive Plan 2021
("LTIP") share
awards.
Vesting of Share Awards
On 31 July 2024, Ordinary Shares
that had vested in accordance with the rules of the LTIP, and the
performance conditions set, were transferred to the executive
directors of the Company (the "Vested Shares") at nil cost.
Sufficient of the Vested Shares were immediately sold at a
price of £8.3558 to cover the tax and National Insurance
Contribution ("NIC")
liabilities due, resulting in a number of Ordinary Shares retained
("Retained Shares") The
Retained Shares are additionally subject to a two-year post-vesting
holding period and will be held in a custodian nominee
account.
The following table sets out the
details of the Vested Shares and Retained Shares:
|
Cash sum settled pursuant to
the Director
|
Cash sum settled pursuant to
LTIP
|
Total number of Vested
Shares
|
Number of shares sold to
cover tax and NIC liabilities
|
Total number of Retained
Shares
|
|
AS
Thomis
|
£9,160.14
|
3,681
|
1,737
|
1,944
|
|
SR
Walther
|
£7,166.51
|
2,880
|
1,359
|
1,521
|
The vesting of the LTIP awards was
dependent on performance against organic growth and total growth
targets, equally weighted, measured over a three-year
period:
|
Vesting Conditions:
|
|
|
· Up to
50% based on organic CAGR over 3 years between:
|
3% to 8%
|
|
· Up to
50% based on total CAGR over 3 years between:
|
3% to 13%
|
|
Vesting conditions attained:
|
|
|
· 0%
based on organic growth over 3 years
|
2.37%
|
|
· 8.43%
based on total CAGR over 3 years
|
4.69%
|
Further details regarding the LTIP
and associated performance conditions can be found in the Company's
Annual Report and Accounts.
Director Shareholdings
Following completion of the
transactions detailed above, the interests of Mr Thomis and Mr
Walther and their connected persons in the Ordinary Shares are as
follows:
|
Director
|
Ordinary
Shares*
|
% of the total issued share
capital
|
|
AS
Thomis
|
257,892
|
0.62
|
|
SR
Walther
|
233,421
|
0.56
|
*Not including unvested shares under
both 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 LTIP and transfer to a custodian nominee account.
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
3,681 Ordinary Shares at £0.00
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
|
N/A
|
|
g)
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Date of transaction
|
31 July 2024
|
|
h)
|
Place of transaction
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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
|
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
|
Sale of vested shares to cover tax
and NIC liabilities
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
1,737 Ordinary Shares at £8.3558
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
|
N/A
|
|
g)
|
Date of transaction
|
31 July 2024
|
|
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
|
Vesting of shares under the Cohort
plc LTIP and transfer to a custodian nominee account
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
2,880 Ordinary Shares
at £0.00
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
|
N/A
|
|
g)
|
Date of transaction
|
31 July 2024
|
|
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
|
Sale of vested shares to cover tax
and NIC liabilities
|
|
d)
|
Currency
|
GBP - British Pound
|
|
e)
|
Price(s) and Volume(s)
|
1,359 Ordinary Shares
at £8.3558
|
|
f)
|
Aggregated Information
- Price
- Volume
- Total
|
N/A
|
|
g)
|
Date of transaction
|
31 July 2024
|
|
h)
|
Place of transaction
|
London Stock Exchange -
AIM
|
ENDS
For
further information please contact:
|
Cohort plc
|
0118
909 0390
|
|
Andrew Thomis, Chief
Executive
|
|
|
Simon Walther, Finance
Director
|
|
|
Emily McBride, Group Head of
Marketing and Corporate Communications
|
|
Raquel McGrath, Company
Secretary
|
|
|
|
|
Investec Bank Plc (NOMAD and Broker)
|
020
7597 5970
|
|
Carlton Nelson, Christopher
Baird
|
|
|
|
|
|
MHP
|
020
3128 8276
|
|
Reg Hoare, Ollie Hoare, Hugo
Harris
|
cohort@mhpgroup.com
|
|
|
|
NOTES TO
EDITORS
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.
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 1,300 core staff there and at its other
operating company sites across the UK, Germany,
and Portugal.
The group is split into two segments
- Communications and
Intelligence, and Sensors and Effectors:
Communications and Intelligence
· EID
designs and manufactures advanced communications systems for naval
and military customers. 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
Sensors and Effectors
· 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 and
transport markets alongside specialist research and training
services. Acquired by Cohort in October 2007. www.sea.co.uk