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Last checked at 
28 Sep 2022 07:00
One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
28 September 2022 |
|
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 27 September 2022 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 | 30,785,344 | 100.00% | 1,500 | 0.00% | 30,786,844 | 74.49% | 378 | |
2: Dividend | 30,787,222 | 100.00% | 0 | 0.00% | 30,787,222 | 74.49% | 0 | |
3: Remuneration Report | 20,198,767 | 79.91% | 5,077,457 | 20.09% | 25,276,224 | 61.16% | 5,510,998 | |
4: Re-elect Edward Lowe | 30,780,383 | 99.99% | 1,878 | 0.01% | 30,782,261 | 74.48% | 4,961 | |
5: Re-appoint RSM | 30,774,844 | 99.97% | 10,368 | 0.03% | 30,785,212 | 74.49% | 2,010 | |
6: Auditor's Remuneration | 30,781,911 | 100.00% | 1,500 | 0.00% | 30,783,411 | 74.48% | 3,811 | |
7: Allot shares | 30,370,706 | 99.95% | 14,527 | 0.05% | 30,385,233 | 73.52% | 401,989 | |
Special Resolutions | ||||||||
8: General disapplication of pre-emption rights | 30,371,213 | 99.95% | 14,327 | 0.05% | 30,385,540 | 73.52% | 401,682 | |
9: Additional disapplication of pre-emption rights | 30,371,013 | 99.95% | 14,327 | 0.05% | 30,385,340 | 73.52% | 401,882 | |
10: Purchase own shares | 30,766,827 | 99.94% | 19,865 | 0.06% | 30,786,692 | 74.49% | 530 | |
11: General meeting notice | 30,776,659 | 99.97% | 8,000 | 0.03% | 30,784,659 | 74.49% | 2,563 | |
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 41,329,122.
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 20.09% of votes cast against Resolution 3. The Board will continue to engage with all shareholders to gain a better understanding of their concerns.
ENDS
For further information please contact:
Cohort plc | 0118 909 0390 |
Andy Thomis, Chief Executive | |
Simon Walther, Finance Director Raquel McGrath, Company Secretary | |
Investec Bank Plc (NOMAD and Broker) | 020 7597 5970 |
Daniel Adams, Christopher Baird | |
MHP Communications | 020 3128 8276 |
Reg Hoare, Ollie Hoare, Pete Lambie | cohort@mhpc.com |
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany 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 surveillance, tracking and fire-control systems to the defence and security markets. A majority stake was acquired by Cohort plc in December 2018. www.chess-dynamics.com
EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt
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
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 and supports technology-based products for the defence and transport markets alongside specialist research and training services. 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 over 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.
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