REG - Cohort PLC - Directorate Change

CohortAnnouncement

28/07/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220728:nRSb9849Ta&default-theme=true

RNS Number : 9849T  Cohort PLC  28 July 2022

 28 July 2022

 

COHORT PLC

("Cohort" or "the Group")

 

Directorate change

 

Cohort plc, the independent technology Group, announces that Stanley Carter
has informed the Board that he does not intend to stand for re-election as a
non-executive Director at Cohort's Annual General Meeting which is scheduled
for 27 September 2022.

 

Stanley has been with Cohort since its formation in 2006, initially as its
Chief Executive before becoming Co-Chairman in 2009. In 2015, Stanley stepped
down from Co-Chairman to become a non-executive Director.

 

Nick Prest, Chairman of Cohort, said:

 

"Stanley Carter has made an immense contribution to the development and
success of Cohort since co-founding it with me in 2006. The Board and all
Cohort staff are grateful to him for his leadership and support through
different phases of the company's development, and we look forward to
continuing the relationship with him as a major shareholder."

 

 

Stanley Carter, non-executive Director of Cohort, said:

 

"It has been a privilege to have been involved with Cohort for so many years,
from its inception to the growing international group it is today.  I believe
now is an appropriate time for me to step down from the board.  I remain a
supportive shareholder and look forward to following the Group's continued
progress."

 

 

 

ENDS

 

For further information please contact:

 Cohort plc                            0118 909 0390
 Andy Thomis, Chief Executive
 Simon Walther, Finance Director

 Raquel McGrath, Company Secretary

 Investec Bank Plc (NOMAD and Broker)  020 7597 5970
 Daniel Adams, Christopher Baird

 MHP Communications                    020 3128 8276
 Reg Hoare, Ollie Hoare, Pete Lambie   cohort@mhpc.com

 

 

NOTES TO EDITORS

 

1.     Stanley jointly founded Cohort with Nick Prest in 2006 with SCS as
the launch vehicle on flotation. Prior to that he was managing director of
SCS, which he founded in 1992 on leaving the regular Army.

 

2.     Cohort has entered into a shareholder agreement with Stanley Carter
regarding his shareholding (22.14 per cent).

 

3.     Cohort plc (www.cohortplc.com (http://www.cohortplc.com/) ) is the
parent company of six innovative, agile and responsive businesses based in the
UK, Germany 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, offers surveillance, tracking and fire-control systems to the
defence and security markets. A majority stake was acquired by Cohort plc in
December 2018. www.chess-dynamics.com (http://www.chess-dynamics.com/)

 

EID designs and manufactures advanced communications systems for naval and
military customers. Cohort acquired a majority stake in June
2016.  www.eid.pt (http://www.eid.pt/)

 

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 (http://www.elac-sonar.de/)

 

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 (http://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
(http://www.marlboroughcomms.com/)

 

SEA delivers and supports technology-based products for the defence and
transport markets alongside specialist research and training
services. Acquired by Cohort in October 2007. www.sea.co.uk
(http://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
over 1,000 core staff there and at its other operating company sites across
the UK, Germany and 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAPPURGMUPPGQM