REG - Cohort PLC - Site visit to SEA

CohortAnnouncement

30/04/2024 07:00

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RNS Number : 4890M  Cohort PLC  30 April 2024

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 30 April 2024

 

COHORT PLC

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

 

Site visit to SEA

 

 

Cohort, the independent technology group, is today hosting a visit for
institutional investors to its subsidiary Systems Engineering and Assessment
Ltd (SEA)'s site at Barnstaple, Devon, UK.

 

The visit will include presentations from SEA's management team focusing on
SEA's Trainable Decoy Launcher System (known as Ancilia), its integrated
anti-submarine warfare system tailored to smaller vessels (Krait), its
lightweight Torpedo Launcher System (TLS), and a facility tour. Presentations
will be made available online after the event.

 

Cohort has been successful with a number of recent contract awards, including
the 26 March 2024 announcement of a £135m Royal Navy countermeasures
contract. These, together with other recent order wins, were stated as
expected to materially enhance the Group's earnings.

 

No new information on current year trading will be shared at the site visit.

 

 

ENDS

 

 

For further information please contact:

 Cohort plc                                                           0118 909 0390
 Andrew Thomis, Chief Executive
 Simon Walther, Finance Director
 Emily McBride, Group Head of Marketing and Corporate Communications
 Raquel McGrath, Company Secretary

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

 MHP                                                                  07817 458 804
 Reg Hoare, Ollie Hoare, Hugo Harris                                  cohort@mhpgroup.com (mailto: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.

 

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 1,250 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/)

 

 

 

Note: No statement in this announcement is intended as a profit forecast,
profit estimate or quantified benefits statement for any period and no
statement in this announcement should be interpreted to mean that earnings or
earnings per share for Cohort for the current or future financial years would
necessarily match or exceed the historical published earnings or earnings per
share for Cohort.

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