Last checked at 15 Aug 2017 10:29
15 August 2017
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 10 August 2017 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 10 August, shares that had vested on 10 August 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 on 10 August 2017 | Total number of unvested shares under the Restricted Share Scheme following Grant and Transfers |
AS Thomis | 18,254 | 15,028 | 22,321 |
SR Walther | 14,286 | 11,979 | 17,599 |
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 2017.
Director Shareholdings
Following completion of the transactions detailed above on 10 August 2017, 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 | 111,521 | 0.27 |
SR Walther | 100,659 | 0.25 |
*Not including unvested shares under the Restricted Share Scheme
Ends
For further information, please contact:
Cohort plc |
| 0118 909 0390 |
Andrew 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 / Ollie Hoare |
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NOTES TO EDITORS
Cohort is the parent company of four 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.
MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.
www.mass.co.uk
MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.
www.sea.co.uk
EID designs and manufactures advanced communications systems for the defence and security markets.
www.eid.pt
Cohort was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 800 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey, Scotland and Portugal.