COHORT PLC

Director's Dealing • Jul 6, 2018

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RNS Number : 9222T

Cohort PLC

06 July 2018

6 July 2018

COHORT PLC (the "Company")

Director Shareholdings

Cohort plc ("Cohort" or the "Company") announces that Mr Simon Walther, the Company's Chief Financial Officer, has today surrendered options over 172,580 ordinary shares of 10p each ("Ordinary Shares") under the Cohort plc Company Share Option Plan 2006. Details of the options surrendered are as follows:

Number of Ordinary Shares	Exercise price (pence)
55,172	83.5
30,252	91.5
65,000	116.5
21,750	167.5
406	197.5

In return for surrendering these options, the Company has agreed to issue 15,055 Ordinary Shares to Mr Walther and 15,054 Ordinary Shares to Mrs Walther-Caine and pay to Mr Walther £125,003.29, this being the value of the remaining shares under option after payment of the exercise price and all necessary income tax and national insurance.

The shares being issued to Mr Walther and Mrs Walther-Caine are to be satisfied through a transfer of shares from the Company's employee benefit trust. The market price per Ordinary Share upon which this transaction has been calculated was 365p per Ordinary Share, being the closing bid price per Ordinary Share on 5th July 2018.

Following this transaction, Mr Walther's interest and that of his persons closely associated in Ordinary Shares has increased to 139,417, representing 0.34% of the total issued capital in the Company and he retains 28,220 options over Ordinary Shares in the Company. The Cohort employee benefit trust now holds 343,519 Ordinary Shares.

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	The trustees of the Cohort plc Employee Benefit Trust transferred 15,055 Ordinary Shares to the PDMR following agreement by the Company of the surrender of 172,580 options granted under the Cohort plc Company Share Option Plan 2006 in exchange for a payment of £125,000 and issue of 15,055 Ordinary Shares.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	Surrender: 55,172 Ordinary Shares at 83.5 pence per share 30,252 Ordinary Shares at 91.5 pence per share 65,000 Ordinary Shares at 116.5 pence per share 21,750 Ordinary Shares at 167.5 pence per share 406 Ordinary Shares at 197.5 pence per share Issue: 15,055 Ordinary Shares at 365 pence per share
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	6th July 2018
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	Phillippa Walther-Caine
2	Reason for the notification
a)	Position/status	Wife of Simon Walther, 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	The trustee of the Cohort plc Employee Benefit Trust transferred 15,054 Ordinary Shares to Mrs Walther-Caine following agreement by the Company of the surrender of options granted to Mr Walther under the Cohort plc Company Share Option Plan 2006 in exchange for the issue of 15,054 Ordinary Shares.
d)	Currency	GBP - British Pound
e)	Price(s) and Volume(s)	15,054 Ordinary Shares at 365 pence per share.
f)	Aggregated Information -       Price -       Volume -       Total	N/A
g)	Date of transaction	6th July 2018
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
Keith Anderson / Daniel Adams
MHP Communications Limited		020 3128 8100
Reg Hoare / Ollie Hoare / Vera Prokhorenko

NOTES TO EDITORS

Cohort is the parent company of four 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.

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.

www.mass.co.uk

MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.

www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets.

www.eid.pt

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 rns@lseg.com or visit www.rns.com.

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