Director/PDMR Shareholding
15th Aug 2025 15:35
One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
15 August 2025
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COHORT PLC
("Cohort" or "the Company")
Director Shareholdings
Cohort plc wishes to notify the following changes in the interests of a director of the Company in ordinary shares of 10 pence ("Ordinary Shares") in relation to the vesting of share awards.
Transfer of Share Awards
On 14 August 2025, Ordinary Shares that had vested on 28 July and 11 August 2025 from awards in accordance with the rules of the 2013 Restricted Share Scheme established on 30 July 2013 (the "Restricted Share Scheme") were transferred to Simon Walther, an executive director of the Company (the "Transfers"). The following table sets out the details of the Transfers:
Director | Total number of Ordinary Shares vested on 28 July | Total number of Ordinary Shares vested on 11 August | Total number of unvested Ordinary Shares under the Restricted Share Scheme following Transfers |
SR Walther | 1,707 | 545 | 1,707 |
Full ownership of Ordinary Shares awarded under the Restricted Share Scheme (including voting and dividend rights) transfers to the recipients in four stages; 25% on award and a further 25% on the first, second and third anniversaries of the award. Recipients may only sell shares awarded under the Restricted Share Scheme with the approval of the Chairman of the Remuneration 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.
Director Shareholdings
Following completion of the transactions detailed above, the interests of Mr Walther and his connected persons in the Ordinary Shares are as follows:
Director | Ordinary Shares* | % of the total issued share capital |
SR Walther | 130,513 | 0.28 |
*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 | 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 | Vested shares under the Cohort plc 2013 Restricted Share Scheme being transferred to a nominee account in the name of Simon Walther |
d) | Currency | GBP - British Pound |
e) | Price(s) and Volume(s) | 2,252 Ordinary Shares at 0.00 pence |
f) | Aggregated Information - Price - Volume - Total | N/A |
g) | Date of transaction | 14 August 2025 |
h) | Place of transaction | Outside of a Main Market |
ENDS
For further information please contact:
Cohort plc | 0118 909 0390 |
Andrew Thomis, Chief Executive |
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Simon Walther, Finance Director |
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Raquel McGrath, Company Secretary and General Counsel
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Investec Bank Plc (Financial Adviser, Nominated Adviser, and Corporate Broker) | 020 7597 5970 |
Christopher Baird, Carlton Nelson, Charlotte Young
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MHP | 07817 458804 |
Reg Hoare, Ollie Hoare, Hugo Harris |
NOTES TO EDITORS
Cohort plc (www.Cohortplc.com) is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.
Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total over 1,500 core staff there and at its other operating company sites across the UK, Australia, Germany and Portugal.
The Group is split into two segments - Communications and Intelligence, and Sensors and Effectors:
Communications and Intelligence
EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.ptEM Solutions designs, assembles, tests, and supports satellite communications on-the-move terminals for defence and government customers. It also provides high-end broadband radio transceivers and other RF Subsystems such as low noise receivers and solid-state high-power transmitters for defence and commercial customers. Acquired by Cohort in January 2025. www.emsolutions.com.au 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.ukMCL 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
Sensors and Effectors
Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com 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 SEA delivers and supports technology-based products primarily for naval defence customers alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk