COHORT PLC

Director's Dealing • Aug 14, 2014

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RNS Number : 1263P

Cohort PLC

14 August 2014

14 August 2014

COHORT PLC (the "Company")

Director Shareholdings, Share Awards and Options

Cohort plc (the "Company") wishes to notify the following changes in the interests of directors of the Company in ordinary shares of 10 pence in relation to share awards and share options.

Director shareholdings

Yesterday, the Company was notified that the sale of shares to satisfy share option exercise costs took place on 12 August 2014 as follows:

Description	Ordinary Shares	Market Value (pence)
Sale by AS Thomis' wife	25,477	197.25 p
Sale by SR Walther	7,644	197.25 p
Sale by SR Walther's wife	7,643	197.25 p

Following all transactions to date, including those detailed below, and subject to the completion of ISA transfers announced on 5 August 2014, Mr Thomis' and Mr Walther's interests and that of their connected persons are as follows:

Director	Ordinary shares	% of the total issued share capital
AS Thomis	86,225	0.21
SR Walther	78,892	0.19

Grant of Share Awards

On 11 August 2014 share awards pursuant to the 2013 Restricted Share Scheme established on 30 July 2013 ("Restricted Share Scheme") were granted to directors of the Company for nil consideration as follows:

Director	Number of shares under this award	Total number of unvested shares under the Restricted Share Scheme following grant
AS Thomis	19,342	20,556
SR Walther	15,595	17,196

Full beneficial ownership of 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 Shares can be found in the Company's Annual Report and Accounts 2014.

Grant of Share Options

On 11 August 2014 share options pursuant to the Cohort plc 2006 Share Option Scheme ("Unapproved") and the Approved Share Option Subplan ("Approved") were granted to directors of the Company as follows:

Director	Number of shares under this option	Exercise Price (pence)	Total number of shares under option following grant
AS Thomis - Unapproved	4,153	197.5	246,944
Approved	15,189	197.5	15,189
SR Walther - Unapproved	406	197.5	172,580
Approved	15,189	197.5	15,189

The options can be exercised between 12 August 2017 and 11 August 2024.

On 11 August 2014 share options pursuant to the Cohort plc Savings Related Share Option Scheme ("SAYE Scheme") were granted to directors of the Company as follows:

Director	Number of shares under this option	Exercise Price (pence)	Total number of shares under the SAYE Scheme following grant
AS Thomis	2,602	207.5	4,932
SR Walther	867	207.5	6,692

The options are made pursuant to three year savings contracts.

The total share options held under each scheme following grant as set out above includes the recent exercise of share options announced on 5 August 2014.

Ends

For further information, please contact

Cohort plc	Andrew Thomis, Chief Executive Simon Walther, Finance Director	+44 (0)118 909 0390
Investec	Keith Anderson, Daniel Adams	+44 (0)20 7597 5970
MHP Communications	Reg Hoare, Vicky Watkins	+44 (0)20 3128 8100

Cohort plc

Cohort is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through four market-facing subsidiary companies:

MASS - a specialist systems house with considerable experience in the defence market and a focus on electronic warfare operational support and secure information systems. Based in Cambridgeshire, MASS was acquired by Cohort in August 2006;

MCL - an expert in electronic and surveillance technology design and manufacturing, product and in the field support and training for a range of specialist UK end users, including the MOD and other governmental agencies. Based in Surrey, MCL has been part of the Group since July 2014;

SCS - a defence technical advisory business, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006;

SEA - an advanced surveillance systems and software house with hardware development capability operating in the defence and transport market sectors. Acquired by Cohort in October 2007.

Cohort was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 500 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Lincolnshire, Somerset and Surrey.

This information is provided by RNS

The company news service from the London Stock Exchange

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