REG - Cohort PLC - Directorate Change

CohortAnnouncement

13/12/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231213:nRSM5515Wa&default-theme=true

RNS Number : 5515W  Cohort PLC  13 December 2023

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 13 December 2023

 

 

COHORT PLC

("Cohort", "the Company" or "the Group")

 

DIRECTORATE CHANGE

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

 

Cohort, the independent technology group, is pleased to announce the
appointment of Peter John Lynas as a non-executive director, with effect from
2 January 2024. He will also become a member of the Audit, Remuneration and
Nomination Committees. Jeff Perrin, currently Chairman of the Audit Committee,
has advised the Board of his intention to retire from the Board following the
2024 AGM, after 9 years in post, and it is planned that Peter Lynas will then
replace him as Chairman of the Audit Committee.

Peter Lynas is a qualified FCCA who spent the early part of his career in a
variety of financial roles, primarily with GEC Marconi. From 2000 he was at
BAE Systems, first as Group Controller and then as Group Finance Director from
2011 until his retirement in 2020. In addition to his wide and deep knowledge
of all aspects of finance in the international defence and aerospace sector,
encompassing financial control and reporting, treasury, tax, risk management,
M&A and investor relations, Peter has considerable experience of programme
management and strategy development and execution.

Peter is also a non-executive director of FirstGroup plc and he served as a
non-executive Director of SSE plc from 2014 until 2023.

 

Nick Prest, Chairman of Cohort said:

"I am delighted that we will shortly be welcoming Peter Lynas to the Board.
His financial acumen and experience of our industry will be of great value as
we take Cohort to the next stage of its development."

Other than as set out in this announcement, there are no further disclosures
required under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

ENDS

 

For further information please contact:

 Cohort plc                                                            0118 909 0390
 Nick Prest, Chairman

 Andy Thomis, Chief Executive
 Simon Walther, Finance Director
 Raquel McGrath, Company Secretary

 Emily McBride, Group Head of Marketing and Corporate Communications

 Investec Bank Plc (NOMAD and Broker)                                  020 7597 5970
 Carlton Nelson, Christopher Baird

 MHP                                                                   020 3128 8276
 Reg Hoare, Ollie Hoare, Hugo Harris                                   cohort@mhpgroup.com (mailto:cohort@mhpgroup.com)

 

 

 

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies

 

Peter John Lynas (age 65)

 

 Current Directorships  Directorships held in the last five years
 FirstGroup PLC         SSE PLC
                        BAE Systems Pension Funds CIF Trustees Ltd
                        BAE Systems Pension Funds Investment Management Limited
                        BAE Systems PLC
                        BAE Systems (Holdings) Limited
                        BAE Systems (Operations) Limited
                        Salford Electrical Instruments Limited
                        BAE Systems China (Exports) Limited

 

 

 

NOTES TO EDITORS

 

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.

 

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 1,200 core staff there and at its other operating company sites across
the UK, 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 (http://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
(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/)

 

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

 

·      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/)

 

 

 

 

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  BOAGPGAAPUPWGMP