Director/PDMR Shareholding

Cohort

10/09/2025 15:21

RNS Number : 8368Y

Cohort PLC

10 September 2025

 

One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
10 September 2025


COHORT PLC

("Cohort" or "the Company")

 

Director Shareholdings

Cohort plc wishes to notify the following changes in the interests of directors of the Company in ordinary shares of 10 pence ("Ordinary Shares") in relation to the vesting of the Executive Long Term Incentive Plan 2021 ("LTIP") share awards.

 

Vesting of Share Awards

On 5 September 2025, Ordinary Shares that had vested in accordance with the rules of the LTIP, and the performance conditions set, were transferred to the executive directors of the Company (the "Vested Shares") at nil cost.  Sufficient of the Vested Shares were sold on 9 September 2025 at a price of £12.5587 per share to cover the tax and National Insurance Contribution ("NIC") liabilities due, resulting in a number of Ordinary Shares retained ("Retained Shares"). The Retained Shares are additionally subject to a two-year post-vesting holding period and will be held in a custodian nominee account.

 

The following table sets out the details of the Vested Shares and Retained Shares:

 

Cash sum settled pursuant to the Director
Cash sum settled pursuant to LTIP
Total number of Vested Shares
Number of shares sold to cover tax and NIC liabilities
Total number of Retained Shares
AS Thomis
£118,125.00
45,608
21,203
24,405
SR Walther
£92,291.67
35,634
16,569
19,065

 

The vesting of the LTIP awards was dependent on performance against organic growth and total growth targets, equally weighted, measured over a three-year period:  

 

Vesting Conditions:
· Up to 50% based on organic CAGR over 3 years between:
3% to 8%
· Up to 50% based on total CAGR over 3 years between:
3% to 13%
Vesting conditions attained:
· 50% based on organic CAGR over 3 years
17.03%
· 50% based on total CAGR over 3 years
19.09%

 

Further details regarding the LTIP and associated performance conditions can be found in the Company's Annual Report and Accounts.

 

Director Shareholdings

Following completion of the transactions detailed above, the interests of Mr Thomis and Mr Walther and their connected persons in the Ordinary Shares are as follows:

 

Director
Ordinary Shares*
% of the total issued share capital
AS Thomis
186,343
0.40%
SR Walther
149,578
0.32%

*Not including unvested shares under both 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 LTIP and transfer to a custodian nominee account.
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
45,608Ordinary Sharesat £0.00
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
5 September 2025
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
Sale of vested shares to cover tax and NIC liabilities
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
21,203Ordinary Sharesat £12.5587
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
9 September 2025
h)
Place of transaction
London Stock Exchange - AIM

 

 

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 LTIP and transfer to a custodian nominee account
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
35,634 Ordinary Sharesat £0.00
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
5 September 2025
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
Sale of vested shares to cover tax and NIC liabilities
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
16,569 Ordinary Sharesat £12.5587
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
9 September 2025
h)
Place of transaction
London Stock Exchange - AIM

 

 

 

ENDS

 

For further information please contact:

 

Cohort plc
0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Raquel McGrath, Company Secretary and General Counsel
Investec Bank Plc (Financial Adviser, Nominated Adviser, and Corporate Broker)
020 7597 5970
Christopher Baird, Carlton Nelson, Charlotte Young
MHP
07817 458804
Reg Hoare, Ollie Hoare, Hugo Harris
Cohort@mhpgroup.com

 

NOTES TO EDITORS 

Cohort plc (www.Cohortplc.com) is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, 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 1,500 core staff there and at its other operating company sites across the UK, Australia, 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

EM Solutions designs, assembles, tests, and supports satellite communications on-the-move terminals for defence and government customers. It also provides high-end broadband radio transceivers and other RF Subsystems such as low noise receivers and solid-state high-power transmitters for defence and commercial customers. Acquired by Cohort in January 2025. www.emsolutions.com.au

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

 

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  

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  

SEA delivers and supports technology-based products primarily for naval defence customers alongside specialist research and training services. Acquired by Cohort in October 2007.  www.sea.co.uk

 

 

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