TIDMCHRT
RNS Number : 0800Z
Cohort PLC
15 September 2020
One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
15 September
COHORT PLC
("Cohort" or "the Group")
Result of AGM
Cohort, the AIM listed independent technology group, announces
that at its Annual General Meeting held earlier today all the
resolutions contained within the Notice of Meeting dated 12 August
2020 were duly passed by shareholders.
A summary of the votes received for each resolution is as
follows:
For(1) % For Against % Against Total % Total(2) Withheld(3)
Ordinary Resolutions
------------------------------------------------------------------------------------
1: Accounts 19,459,540 62.61 11,622,016 37.39 31,081,556 75.86 1,213,195
----------- ------ ----------- ---------- ----------- ----------- ------------
2: Dividend 32,294,447 99.99 304 0.01 32,294,751 78.85 0
----------- ------ ----------- ---------- ----------- ----------- ------------
3: Re-elect Simon
Walther 32,292,319 99.99 2,104 0.01 32,294,423 78.85 328
----------- ------ ----------- ---------- ----------- ----------- ------------
4: Re-elect Jeff
Perrin 31,891,618 99.99 2,104 0.01 31,893,722 77.87 401,029
----------- ------ ----------- ---------- ----------- ----------- ------------
5: Appointment of
Auditor 31,887,918 99.98 5,804 0.02 31,893,722 77.87 401,029
----------- ------ ----------- ---------- ----------- ----------- ------------
6: Auditor's Remuneration 32,292,619 99.99 1,804 0.01 32,294,423 78.85 328
----------- ------ ----------- ---------- ----------- ----------- ------------
7: Allot shares 31,885,715 99.98 7,885 0.02 31,893,600 77.87 401,151
----------- ------ ----------- ---------- ----------- ----------- ------------
Special Resolutions
------------------------------------------------------------------------------------
8: Allot shares for
cash 31,883,693 99.97 9,907 0.03 31,893,600 77.87 401,151
----------- ------ ----------- ---------- ----------- ----------- ------------
9: Disapply pre-emption
rights 32,287,506 99.98 7,123 0.02 32,294,629 78.85 122
----------- ------ ----------- ---------- ----------- ----------- ------------
10: Purchase own
shares 32,290,178 99.99 3,123 0.01 32,293,301 78.84 1,450
----------- ------ ----------- ---------- ----------- ----------- ------------
11: General meeting
notice 38,287,388 99.98 7,363 0.02 38,294,751 93.50 0
----------- ------ ----------- ---------- ----------- ----------- ------------
Notes:
1. Any proxy appointments which gave discretion to the Chairman
have been included in the "for" total.
2. The total number of shares in issue is 40,959,101.
3. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "for" and "against"
a resolution.
4. All percentages are shown to two decimal places.
The Board of Cohort notes the 37% of votes cast against
Resolution 1. None of the shareholders who voted against the
resolution had communicated any concerns to the Company prior to
casting their votes. Subsequent contact has indicated that the
votes reflected concerns about aspects of the Group's governance
and remuneration policy. The votes were cast against Resolution 1
in the absence of resolutions pertaining to the matters of concern.
The Board will engage with shareholders to gain a better
understanding of their concerns on these matters and decide on any
appropriate responses. There have been no concerns expressed by
shareholders to the Company regarding the accounts presented under
Resolution 1 or the audit procedures.
Ends
For further information, please contact:
Cohort plc 0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
and Company Secretary
Investec Bank plc 020 7597 5970
Daniel Adams / Chris Baird
MHP Communications 020 3128 8100
Reg Hoare / Pete Lambie
NOTES TO EDITORS
Cohort plc ( www.cohortplc.com ) is the parent company of five
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.
Chess Technologies, through its operating businesses Chess
Dynamics and Vision4ce, offers electro-optical and
electro-mechanical systems to the defence and security markets. It
was acquired by Cohort plc in December 2018. www.chess-dynamics.com
& www.vision4ce.com
EID designs and manufactures advanced communications systems for
the defence and security markets. 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
SEA delivers products and services into the defence and
transport markets alongside performing specialist research,
training and product support. Acquired by Cohort in October 2007.
www.sea.co.uk
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has headquarters in Reading,
Berkshire and employs in total around 900 core staff there and at
its other operating company sites across the UK and in
Portugal.
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END
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