COHORT PLC

Declaration of Voting Results & Voting Rights Announcements • Sep 15, 2020

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RNS Number : 0800Z

Cohort PLC

15 September 2020

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 15 September

COHORT PLC

("Cohort" or "the Group")

Result of AGM

Cohort, the AIM listed independent technology group, announces that at its Annual General Meeting held earlier today all the resolutions contained within the Notice of Meeting dated 12 August 2020 were duly passed by shareholders.

A summary of the votes received for each resolution is as follows:

	For1	% For	Against	% Against	Total	% Total2	Withheld3
Ordinary Resolutions
1: Accounts	19,459,540	62.61	11,622,016	37.39	31,081,556	75.86	1,213,195
2: Dividend	32,294,447	99.99	304	0.01	32,294,751	78.85	0
3: Re-elect Simon Walther	32,292,319	99.99	2,104	0.01	32,294,423	78.85	328
4: Re-elect Jeff Perrin	31,891,618	99.99	2,104	0.01	31,893,722	77.87	401,029
5: Appointment of Auditor	31,887,918	99.98	5,804	0.02	31,893,722	77.87	401,029
6: Auditor's Remuneration	32,292,619	99.99	1,804	0.01	32,294,423	78.85	328
7: Allot shares	31,885,715	99.98	7,885	0.02	31,893,600	77.87	401,151
Special Resolutions
8: Allot shares for cash	31,883,693	99.97	9,907	0.03	31,893,600	77.87	401,151
9: Disapply pre-emption rights	32,287,506	99.98	7,123	0.02	32,294,629	78.85	122
10: Purchase own shares	32,290,178	99.99	3,123	0.01	32,293,301	78.84	1,450
11: General meeting notice	38,287,388	99.98	7,363	0.02	38,294,751	93.50	0

Notes:

1.     Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

2.     The total number of shares in issue is 40,959,101.

3.     A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.

4.     All percentages are shown to two decimal places.

The Board of Cohort notes the 37% of votes cast against Resolution 1. None of the shareholders who voted against the resolution had communicated any concerns to the Company prior to casting their votes. Subsequent contact has indicated that the votes reflected concerns about aspects of the Group's governance and remuneration policy. The votes were cast against Resolution 1 in the absence of resolutions pertaining to the matters of concern. The Board will engage with shareholders to gain a better understanding of their concerns on these matters and decide on any appropriate responses. There have been no concerns expressed by shareholders to the Company regarding the accounts presented under Resolution 1 or the audit procedures.

Ends

For further information, please contact:

Cohort plc		0118 909 0390
Andrew Thomis, Chief Executive Simon Walther, Finance Director and Company Secretary
Investec Bank plc		020 7597 5970
Daniel Adams / Chris Baird
MHP Communications		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, offers electro-optical and electro-mechanical systems to 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 and transport 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.

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