Last checked at 24 Aug 2015 13:18
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 sharesunder this award | Number of shares vested and transferred | Total number of unvested shares under the Restricted 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 shares under this option | Exercise Price(pence) | Total number of shares under 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 ExecutiveSimon Walther, Finance Director |
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Investec Bank plc |
| 020 7597 5970 |
Keith Anderson, Daniel Adams |
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MHP Communications Limited |
| 020 3128 8100 |
Reg Hoare, Jamie Ricketts |
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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.