REG - Cohort PLC - EBT Purchase of Shares

CohortAnnouncement

07/05/2024 17:30

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RNS Number : 4937N  Cohort PLC  07 May 2024

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 7 May 2024

 

 

COHORT PLC

("Cohort", "the Company" or "the Group")

 

 

EBT PURCHASE OF SHARES

 

 

Cohort, the AIM listed independent technology group, received notification on
7 May 2024 from the trustees of the Cohort Employee Benefit Trust (the "EBT")
that the EBT had purchased a total of 57,000 ordinary shares of 10 pence each
in the Company ("Shares") at a price of £7.7738 per Share on 3 May 2024. The
Shares held in the EBT are intended to be used to satisfy awards made under
the Cohort employee share schemes.

 

The EBT is a discretionary trust for the benefit of employees of Cohort plc
and its subsidiaries. The Executive Directors of Cohort plc are included in
the class of beneficiaries of the EBT and are deemed to be interested in those
shares and the dealings thereof.

 

Following this transaction, a total of 965,201 Shares representing 2.32 per
cent of the Company's total voting rights is held in the EBT.

 

 

 

 

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 (mailto:cohort@mhpgroup.com)

 

 

NOTES TO EDITORS

 

Cohort plc (www.cohortplc.com (http://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 1,250 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 (http://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
(http://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 (http://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 (http://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 (http://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
(http://www.sea.co.uk/)

 

 

 

 

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