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14 Aug 2013 10:38
14 August 2013 AIM: CHRT
PRESS RELEASE
COHORT PLC ("Cohort")
Share Options
Option Grant
Cohort announces that on 13 August 2013 the following approved options over ordinary shares of 10 pence each were granted to Cohort directors pursuant to the Cohort plc Savings Related Share Option Scheme established on 16 February 2006 (and approved by HM Revenue & Customs on 10 April 2006) ("SAYE Scheme"):
Director | Number of shares under this option | Exercise Price (pence) | Total number of shares under the SAYE Scheme following grant |
AS Thomis | 2,330 | 154.5 | 6,041 |
SR Walther | 5,825 | 154.5 | 15,103 |
The options are made pursuant to three year savings contracts.
Option Exercise
Cohort announces that it has issued and allotted 170,164 new ordinary shares of 10p each in the capital of Cohort pursuant to the exercise of share options under the Cohort plc 2006 Share Option Scheme and the SAYE Scheme.
Following this exercise, Cohort's issued share capital consists of 40,958,616 ordinary shares of 10p each with voting rights. Cohort does not hold any shares in treasury.
Therefore, the total number of voting rights in Cohort is 40,958,616. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Cohort under the FCA's Disclosure and Transparency Rules.
Application has been made for admission of these shares to trading on AIM and dealings in the new ordinary shares are expected to commence on 19 August 2013.
Ends
For further information, please contact
Cohort plc
| Andrew Thomis, Chief Executive Simon Walther, Finance Director | +44 (0)118 909 0390
|
Investec | Keith Anderson, Daniel Adams | +44 (0)20 7597 5970 |
MHP Communications | Reg Hoare, Vicky Watkins, Ben Griffiths | +44 (0)20 3128 8100 |
Cohort plc (www.cohortplc.com) (@Cohortplc)
Cohort is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through three market-facing subsidiary companies:
Ÿ MASS (www.mass.co.uk) - a specialist systems house with considerable experience in the defence market and a focus on information systems. Based in Cambridgeshire, MASS was acquired by Cohort in August 2006;
Ÿ SCS (www.scs-ltd.co.uk) - a defence technical advisory business, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006;
Ÿ 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 employs in total around 500 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Lincolnshire and Somerset.
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