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19 Nov 2012 11:32
19 November 2012 AIM: CHRT
PRESS RELEASE
COHORT PLC ("Cohort")
EBT Purchase
The Company was notified today by the trustees of the Cohort Employee Benefit Trust ("EBT") that they have purchased 45,000 ordinary shares of 10 pence each in the Company on 16 November 2012, at a price of 115.0 pence per share. The shares held in the EBT are intended to be used to satisfy awards made under the Cohort plc 2006 Share Option Scheme and the Cohort plc Savings Related Share Option Scheme.
The EBT is a discretionary trust for the benefit of employees of Cohort plc and its subsidiaries. The Executive Directors of Cohort plc are included in the class of beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.
Following these transactions a total of 806,446 ordinary shares, representing 1.98 per cent of the Company's total voting rights, are held in the EBT.
Ends
For further information please contact:
Cohort plc | 0118 909 0390 |
Andy 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 |
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) is the parent company for three innovative, agile and responsive businesses working primarily for defence (air, land and sea), wider government and industry clients.
·; SCS (www.scs-ltd.co.uk) - a defence consultancy, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006.
·; MASS (www.mass.co.uk) - a specialist defence and aerospace business, focused mainly on electronic warfare, information systems and electronic systems development. Acquired by Cohort in August 2006.
·; SEA (www.sea.co.uk) - an advanced surveillance systems and software house with hardware development capability operating in the defence, space and transport market sectors. Acquired by Cohort in October 2007.
Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and, through its operating companies, employs in total around 530 core staff there and at bases in Bristol, Cambridgeshire, Lincolnshire and Somerset.
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