REG - Cohort PLC - EBT Purchase of Shares

CohortAnnouncement

10/05/2023 18:00

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RNS Number : 0118Z  Cohort PLC  10 May 2023

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 10 May 2023

 

COHORT PLC

("Cohort" or "the Group")

EBT PURCHASE OF SHARES

 

 

Cohort, the AIM listed independent technology group, received notification on
10 May 2023 from the trustees of the Cohort Employee Benefit Trust (the "EBT")
that the EBT had purchased a total of 8,500 ordinary shares of 10 pence each
in the Company ("Shares") at a price of £4.46 per Share on 5 May 2023. The
Shares held in the EBT are intended to be used to satisfy awards made under
the Cohort employee share schemes.

 

The EBT is a discretionary trust for the benefit of employees of Cohort plc
and its subsidiaries. The Executive Directors of Cohort plc are included in
the class of beneficiaries of the EBT and are deemed to be interested in those
shares and the dealings thereof.

 

Following this transaction, a total of 726,657 Shares representing 1.75 per
cent of the Company's total voting rights is held in the EBT.

 

 

 

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
 Carlton Nelson, Christopher Baird

 MHP                                   020 3128 8276
 Reg Hoare, Ollie Hoare, Hugo Harris   cohort@mhpgroup.com

 

 

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.

 

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/)

 

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.

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