TIDMCHRT

RNS Number : 9849T

Cohort PLC

28 July 2022

 
 
   28 July 2022

COHORT PLC

("Cohort" or "the Group")

Directorate change

Cohort plc, the independent technology Group, announces that Stanley Carter has informed the Board that he does not intend to stand for re-election as a non-executive Director at Cohort's Annual General Meeting which is scheduled for 27 September 2022.

Stanley has been with Cohort since its formation in 2006, initially as its Chief Executive before becoming Co-Chairman in 2009. In 2015, Stanley stepped down from Co-Chairman to become a non-executive Director.

Nick Prest, Chairman of Cohort, said:

"Stanley Carter has made an immense contribution to the development and success of Cohort since co-founding it with me in 2006. The Board and all Cohort staff are grateful to him for his leadership and support through different phases of the company's development, and we look forward to continuing the relationship with him as a major shareholder."

Stanley Carter, non-executive Director of Cohort, said:

"It has been a privilege to have been involved with Cohort for so many years, from its inception to the growing international group it is today. I believe now is an appropriate time for me to step down from the board. I remain a supportive shareholder and look forward to following the Group's continued progress."

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

1. Stanley jointly founded Cohort with Nick Prest in 2006 with SCS as the launch vehicle on flotation. Prior to that he was managing director of SCS, which he founded in 1992 on leaving the regular Army.

2. Cohort has entered into a shareholder agreement with Stanley Carter regarding his shareholding (22.14 per cent).

3. 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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END

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July 28, 2022 02:00 ET (06:00 GMT)

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