REG - Cohort PLC - Director/PDMR Shareholding
RNS Number : 5512VCohort PLC07 August 20207 August 2020 AIM: CHRT
COHORT PLC (the Company)
Director Share Awards and Shareholdings
Grant and Transfer of Share Awards
On 7 August 2020, share awards of ordinary shares of 10 pence per share in the Company (Shares) pursuant to the 2013 Restricted Share Scheme established on 30 July 2013 (the Restricted Share Scheme) were granted to the executive directors of the Company for nil consideration. Also on 7 August 2020, Shares that had vested from previous awards in accordance with the rules of the Restricted Share Scheme were transferred to the executive directors of the Company (the Transfers). The following table sets out the details of the grant and Transfers:
Director
Number of Shares
under this awardNumber of Shares vested under this award
Number of Shares vested from previous awards
Total number of Shares vested and transferred on 7 August
Total number of unvested Shares under the Restricted Share Scheme following Grant and Transfers
Andrew Thomis, Chief Executive
14,771
3,693
14,076
17,769
25,408
Simon Walther, Finance Director
11,556
2,889
11,015
13,904
19,880
Full beneficial ownership of unvested 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 Share Scheme can be found in the Company's Annual Report and Accounts 2019.
Director Shareholdings
The Company also announces that it was notified on 7 August 2020 that:
a) In order to effect a "Bed and ISA" transaction, Andrew Thomis today sold 2,834 Shares at a price of 661.11 pence per share from his nominee account and then repurchased, into his Individual Savings Account (ISA), 2,992 Shares at a price of 668 pence per share.
b) Yasmin Thomis, a PCA of Andrew Thomis, in order to effect a "Bed and ISA" transaction, today sold 3,110 shares at a price of 640 pence per share from her nominee account and then repurchased, into her ISA, 2,952 shares at a price of 676.895 pence per Share.
As a result of the transactions detailed above, the beneficial interests of Andrew Thomis, Simon Walther and their PCAs in the Shares of Cohort plc are as follows:
Director
Ordinary shares*
% of the total issued share capital
Andrew Thomis
186,469
0.46
Simon Walther
185,383
0.45
*Not including unvested shares under the Restricted Share Scheme
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Thomis
2
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cohort plc
b)
Legal Entity Identifier Code
213800WE61C73LZZNW11
4
Details of the transaction(s)
a)
Description of the financial instrument, type of instrument
Ordinary shares in Cohort plc with a nominal value of 10 pence each
b)
Identification Code
GB00B0YD2B94
c)
Nature of the transaction
Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a nominee account in the name of Andrew Thomis
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
17,769 Ordinary Shares at 0.00 pence
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
7 August 2020
h)
Place of transaction
Outside of a Main Market
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Thomis
2
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cohort plc
b)
Legal Entity Identifier Code
213800WE61C73LZZNW11
4
Details of the transaction(s)
a)
Description of the financial instrument, type of instrument
Ordinary shares in Cohort plc with a nominal value of 10 pence each
b)
Identification Code
GB00B0YD2B94
c)
Nature of the transaction
Award of shares under the Cohort plc 2013 Restricted Share Scheme
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
14,771 Ordinary Shares at 0.00 pence
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
7 August 2020
h)
Place of transaction
Outside of a Main Market
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Walther
2
Reason for the notification
a)
Position/status
Finance Director
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cohort plc
b)
Legal Entity Identifier Code
213800WE61C73LZZNW11
4
Details of the transaction(s)
a)
Description of the financial instrument, type of instrument
Ordinary shares in Cohort plc with a nominal value of 10 pence each
b)
Identification Code
GB00B0YD2B94
c)
Nature of the transaction
Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a share certificate in the name of Simon Walther
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
13,904 Ordinary Shares at 0.00 pence
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
7 August 2020
h)
Place of transaction
Outside of a Main Market
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Walther
2
Reason for the notification
a)
Position/status
Finance Director
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cohort plc
b)
Legal Entity Identifier Code
213800WE61C73LZZNW11
4
Details of the transaction(s)
a)
Description of the financial instrument, type of instrument
Ordinary shares in Cohort plc with a nominal value of 10 pence each
b)
Identification Code
GB00B0YD2B94
c)
Nature of the transaction
Award of shares under the Cohort plc 2013 Restricted Share Scheme
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
11,556 Ordinary Shares at 0.00 pence
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
7 August 2020
h)
Place of transaction
Outside of a Main Market
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Thomis
2
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cohort plc
b)
Legal Entity Identifier Code
213800WE61C73LZZNW11
4
Details of the transaction(s)
a)
Description of the financial instrument, type of instrument
Ordinary shares in Cohort plc with a nominal value of 10 pence each (Shares)
b)
Identification Code
GB00B0YD2B94
c)
Nature of the transaction
Sale of Shares from nominee share account and re-purchase of shares by an ISA account
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Sale of 2,834 Shares at 661.11 pence; and
Repurchase of 2,992 Shares at 668 pence
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
7 August 2020
h)
Place of transaction
London Stock Exchange
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Yasmin Thomis
2
Reason for the notification
a)
Position/status
PCA of Andrew Thomis
b)
Initial notification/amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Cohort plc
b)
Legal Entity Identifier Code
213800WE61C73LZZNW11
4
Details of the transaction(s)
a)
Description of the financial instrument, type of instrument
Ordinary shares in Cohort plc with a nominal value of 10 pence each
b)
Identification Code
GB00B0YD2B94
c)
Nature of the transaction
Sale of Shares from nominee share account and re-purchase of shares by an ISA account
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Sale of 3,110 Shares at 640 pence; and
Repurchase of 2,952 Shares at 676.895 pence
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
7 August 2020
h)
Place of transaction
London Stock Exchange
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
Daniel Adams / Chris Baird
MHP Communications Limited
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, supplies surveillance, tracking and gunfire control systems for 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, transport and offshore energy 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.
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.ENDDSHBUGDIXGGDGGR
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