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COHORT PLC
Remuneration Information • Jan 25, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 6085Z
Cohort PLC
25 January 2022
| One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 25 January 2022 |
AIM: CHRT |
COHORT PLC
(the Company)
Director Shareholdings
Grant of Long-Term Incentive Plan awards
The Company announces that on 19 January 2022 the following awards over ordinary shares of 10 pence each in the Company ("Shares") were granted under the Cohort Group Executive Long Term Incentive Plan ("LTIP") to the following directors and persons discharging managerial responsibilities:
| Director/ PDMR | Position | No. of Shares under award |
| Andrew Thomis | Chief Executive Officer | 43,650 |
| Simon Walther | Finance Director | 34,150 |
The awards have been granted in the form of nil-cost options and will normally become exercisable on 31 July 2024. Awards may become exercisable subject to the achievement of organic growth (50%) and total growth (50%) performance conditions measured over a three-year performance period.
Awards granted to Executive Directors are additionally subject to a two-year holding period following the vesting date.
Contact information
The information set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
| 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 | Issue of share options under the Cohort plc Executive Long Term Incentive Plan |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 43,650 Shares at nil pence per share |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 19 January 2022 |
| h) | Place of transaction | Outside of a trading venue |
| 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 | Issue of share options under the Cohort plc Executive Long Term Incentive Plan |
| d) | Currency | GBP - British Pound |
| e) | Price(s) and Volume(s) | 34,150 Shares at nil pence per share |
| f) | Aggregated Information - Price - Volume - Total |
N/A |
| g) | Date of transaction | 19 January 2022 |
| h) | Place of transaction | Outside of a trading venue |
For further information please contact:
| Cohort plc | 0118 909 0390 |
| Andy Thomis, Chief Executive | |
| Simon Walther, Finance Director | |
| Investec Bank Plc (NOMAD and Broker) | 020 7597 5970 |
| Daniel Adams, Christopher Baird | |
| MHP Communications | 020 3128 8570 |
| Reg Hoare, Pete Lambie | [email protected] |
NOTES TO EDITORS
Cohort plc (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 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
EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. 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
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 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
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 1,000 core staff there and at its main operating company sites across the UK, Germany and Portugal.
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