Director/PDMR Shareholding
One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
18 August 2026
COHORT PLC
("Cohort" or "the Company")
Director/PDMR Shareholdings
The Company announces that on 14 August 2026 Simon Walther, Finance Director, exercised options over 27,776 ordinary shares of 10 pence each in the Company ("Shares"), granted to him under the Cohort Company Share Option Plan. On the same day Simon Walther sold 24,958 Shares at a price of 1,410 pence per Shares to meet the tax liabilities and exercise costs.
Also, on 14 August 2026 a bonus award of 312 Shares was made to Christopher Axcell, Chief Operating Officer and PDMR of the Company, based on a price of 1,352 pence per Share.
As a result of the above transactions, the beneficial interests of each PDMR in the Shares of the Company are as follows:
Name
No. of Shares
% of Issued Share Capital
Simon Walther
155,459
0.33%
Christopher Axcell
312
<0.01%
The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
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
Exercise of options under the Cohort Company Share Option Plan
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
Number of Shares
Exercise Price
7,704
390p
5,922
487.5p
6,581
620p
7,569
539p
Total: 27,776
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
14 August 2026
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
Sale to meet exercise costs and tax liabilities of Shares acquired under the Cohort Company Share Option Plan
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
24,958 Shares at 1,410 pence per share
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
14 August 2026
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
Christopher Axcell
2
Reason for the notification
a)
Position/status
Chief Operating Office
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
d)
Currency
GBP - British Pound
e)
Price(s) and Volume(s)
312 Shares at 1352 pence per share
f)
Aggregated Information
- Price
- Volume
- Total
N/A
g)
Date of transaction
14 August 2026
h)
Place of transaction
Outside of a MAIN market
ENDS
For further information contact:
Cohort plc 0118 9090390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Raquel McGrath, General Counsel and Company Secretary
Kellie Young, Group Head of Investor Communications
Investec Bank plc (NOMAD and Broker) 0207 597 5970
Carlton Nelson, Christopher Baird
MHP 0203 128 8276
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, Italy, Canada 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 1,700 core staff there and at its other operating company sites.
The Group is split into two divisions: Communications and Intelligence, and Sensors and Effectors:
Communications and Intelligence ("C&I")
· 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 advanced mobile satellite communications terminals for naval and other 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 ("S&E")
· 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 for the defence market alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHBLGDICGBDGLI
