REG - Cohort PLC - Director/PDMR Shareholding

CohortAnnouncement

14/08/2018 09:15

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

under this award


Number of shares vested and transferred*


Total number of unvested shares under the Restricted 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 shares under this option


Exercise Price

(pence)


Total number of shares under 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
 




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