Cohort PLC Director/PDMR Shareholding (7387X)
August 14 2018 - 4:15AM
UK Regulatory
TIDMCHRT
RNS Number : 7387X
Cohort PLC
14 August 2018
14 August 2018
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 10 August 2018 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 transfer of shares that are due to vest on the
10 August, 15 August and the 20 August 2018 in accordance with the
rules of the Restricted Share Scheme were also approved by the
Board. The following table sets out the details of the Grant and
Transfers:
Director Number of shares Number of shares Total number of unvested
under this vested and transferred* shares under the Restricted
award Share Scheme following
Grant and Transfers*
AS Thomis 18,779 14,889 26,211
----------------- ------------------------ -----------------------------
SR Walther 14,695 11,753 20,541
----------------- ------------------------ -----------------------------
*Following the transfer of shares on 20 August 2018.
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 2018.
Grant of Share Options
On 10 August 2018 share options pursuant to the Cohort plc 2016
Company Share Option Plan were granted to directors of the Company
as follows:
Director Number of Exercise Price Total number of
shares under (pence) shares under option
this option following grant
AS Thomis - Unapproved 9,846 390.00 75,933
-------------- --------------- --------------------
SR Walther - Unapproved 7,704 390.00 35,924
-------------- --------------- --------------------
The options can be exercised between 10 August 2021 and 9 August
2028.
Director Shareholdings
Following completion of the transactions detailed above on 20
August 2018, 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 138,240 0.34%
---------------- ----------------------
SR Walther 151,170 0.37%
---------------- ----------------------
Ends
For further information, please contact:
Cohort plc 0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank plc 020 7597 5970
Keith Anderson / Daniel Adams
MHP Communications Limited 020 3128 8100
Reg Hoare / Ollie Hoare / Vera
Prokhorenko
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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