Remuneration Information • Aug 7, 2020
Remuneration Information
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RNS Number : 5512V
Cohort PLC
07 August 2020
7 August 2020 AIM: CHRT
COHORT PLC (the Company)
Director Share Awards and Shareholdings
Grant and Transfer of Share Awards
On 7 August 2020, share awards of ordinary shares of 10 pence per share in the Company (Shares) pursuant to the 2013 Restricted Share Scheme established on 30 July 2013 (the Restricted Share Scheme) were granted to the executive directors of the Company for nil consideration. Also on 7 August 2020, Shares that had vested from previous awards in accordance with the rules of the Restricted Share Scheme were transferred to the executive directors of the Company (the Transfers). The following table sets out the details of the grant and Transfers:
| Director | Number of Shares under this award |
Number of Shares vested under this award | Number of Shares vested from previous awards | Total number of Shares vested and transferred on 7 August | Total number of unvested Shares under the Restricted Share Scheme following Grant and Transfers |
| Andrew Thomis, Chief Executive | 14,771 | 3,693 | 14,076 | 17,769 | 25,408 |
| Simon Walther, Finance Director | 11,556 | 2,889 | 11,015 | 13,904 | 19,880 |
Full beneficial ownership of unvested 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 Share Scheme can be found in the Company's Annual Report and Accounts 2019.
Director Shareholdings
The Company also announces that it was notified on 7 August 2020 that:
a) In order to effect a "Bed and ISA" transaction, Andrew Thomis today sold 2,834 Shares at a price of 661.11 pence per share from his nominee account and then repurchased, into his Individual Savings Account (ISA), 2,992 Shares at a price of 668 pence per share.
b) Yasmin Thomis, a PCA of Andrew Thomis, in order to effect a "Bed and ISA" transaction, today sold 3,110 shares at a price of 640 pence per share from her nominee account and then repurchased, into her ISA, 2,952 shares at a price of 676.895 pence per Share.
As a result of the transactions detailed above, the beneficial interests of Andrew Thomis, Simon Walther and their PCAs in the Shares of Cohort plc are as follows:
| Director | Ordinary shares* | % of the total issued share capital |
| Andrew Thomis | 186,469 | 0.46 |
| Simon Walther | 185,383 | 0.45 |
*Not including unvested shares under the Restricted Share Scheme
| NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Thomis |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Full name of the entity | Cohort plc |
| b) | Legal Entity Identifier Code | 213800WE61C73LZZNW11 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares in Cohort plc with a nominal value of 10 pence each |
| b) | Identification Code | GB00B0YD2B94 |
| c) | Nature of the transaction | Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a nominee account in the name of Andrew Thomis |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 17,769 Ordinary Shares at 0.00 pence |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 7 August 2020 |
| h) | Place of transaction | Outside of a Main Market |
| NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Thomis |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Full name of the entity | Cohort plc |
| b) | Legal Entity Identifier Code | 213800WE61C73LZZNW11 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares in Cohort plc with a nominal value of 10 pence each |
| b) | Identification Code | GB00B0YD2B94 |
| c) | Nature of the transaction | Award of shares under the Cohort plc 2013 Restricted Share Scheme |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 14,771 Ordinary Shares at 0.00 pence |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 7 August 2020 |
| h) | Place of transaction | Outside of a Main Market |
| NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Simon Walther |
| 2 | Reason for the notification | |
| a) | Position/status | Finance Director |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Full name of the entity | Cohort plc |
| b) | Legal Entity Identifier Code | 213800WE61C73LZZNW11 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares in Cohort plc with a nominal value of 10 pence each |
| b) | Identification Code | GB00B0YD2B94 |
| c) | Nature of the transaction | Vesting of shares under the Cohort plc 2013 Restricted Share Scheme and transfer to a share certificate in the name of Simon Walther |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 13,904 Ordinary Shares at 0.00 pence |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 7 August 2020 |
| h) | Place of transaction | Outside of a Main Market |
| NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Simon Walther |
| 2 | Reason for the notification | |
| a) | Position/status | Finance Director |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Full name of the entity | Cohort plc |
| b) | Legal Entity Identifier Code | 213800WE61C73LZZNW11 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares in Cohort plc with a nominal value of 10 pence each |
| b) | Identification Code | GB00B0YD2B94 |
| c) | Nature of the transaction | Award of shares under the Cohort plc 2013 Restricted Share Scheme |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 11,556 Ordinary Shares at 0.00 pence |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 7 August 2020 |
| h) | Place of transaction | Outside of a Main Market |
| NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Thomis |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Full name of the entity | Cohort plc |
| b) | Legal Entity Identifier Code | 213800WE61C73LZZNW11 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares in Cohort plc with a nominal value of 10 pence each (Shares) |
| b) | Identification Code | GB00B0YD2B94 |
| c) | Nature of the transaction | Sale of Shares from nominee share account and re-purchase of shares by an ISA account |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | Sale of 2,834 Shares at 661.11 pence; and Repurchase of 2,992 Shares at 668 pence |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 7 August 2020 |
| h) | Place of transaction | London Stock Exchange |
| NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Yasmin Thomis |
| 2 | Reason for the notification | |
| a) | Position/status | PCA of Andrew Thomis |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Full name of the entity | Cohort plc |
| b) | Legal Entity Identifier Code | 213800WE61C73LZZNW11 |
| 4 | Details of the transaction(s) | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares in Cohort plc with a nominal value of 10 pence each |
| b) | Identification Code | GB00B0YD2B94 |
| c) | Nature of the transaction | Sale of Shares from nominee share account and re-purchase of shares by an ISA account |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | Sale of 3,110 Shares at 640 pence; and Repurchase of 2,952 Shares at 676.895 pence |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 7 August 2020 |
| h) | Place of transaction | London Stock Exchange |
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 | |
| Daniel Adams / Chris Baird | ||
| MHP Communications Limited | 020 3128 8100 | |
| Reg Hoare / Pete Lambie |
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) is the parent company of five 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.
Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, supplies surveillance, tracking and gunfire control systems for the defence and security markets. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com
EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016. 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
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
SEA delivers products and services into the defence, transport and offshore energy markets alongside performing specialist research, training and product support. Acquired by Cohort in October 2007. 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 around 900 core staff there and at its other operating company sites across the UK and in 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 [email protected] or visit www.rns.com.
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