Cohort PLC Director/PDMR Shareholding (9222T)
July 06 2018 - 10:34AM
UK Regulatory
TIDMCHRT
RNS Number : 9222T
Cohort PLC
06 July 2018
6 July 2018
COHORT PLC (the "Company")
Director Shareholdings
Cohort plc ("Cohort" or the "Company") announces that Mr Simon
Walther, the Company's Chief Financial Officer, has today
surrendered options over 172,580 ordinary shares of 10p each
("Ordinary Shares") under the Cohort plc Company Share Option Plan
2006. Details of the options surrendered are as follows:
Number of Ordinary Exercise price
Shares (pence)
55,172 83.5
---------------
30,252 91.5
---------------
65,000 116.5
---------------
21,750 167.5
---------------
406 197.5
---------------
In return for surrendering these options, the Company has agreed
to issue 15,055 Ordinary Shares to Mr Walther and 15,054 Ordinary
Shares to Mrs Walther-Caine and pay to Mr Walther GBP125,003.29,
this being the value of the remaining shares under option after
payment of the exercise price and all necessary income tax and
national insurance.
The shares being issued to Mr Walther and Mrs Walther-Caine are
to be satisfied through a transfer of shares from the Company's
employee benefit trust. The market price per Ordinary Share upon
which this transaction has been calculated was 365p per Ordinary
Share, being the closing bid price per Ordinary Share on 5(th) July
2018.
Following this transaction, Mr Walther's interest and that of
his persons closely associated in Ordinary Shares has increased to
139,417, representing 0.34% of the total issued capital in the
Company and he retains 28,220 options over Ordinary Shares in the
Company. The Cohort employee benefit trust now holds 343,519
Ordinary Shares.
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 Ordinary Shares in Cohort
instrument, type of instrument plc with a nominal value
of 10 pence each
-------------------------------- ------------------------------
b) Identification Code GB00B0YD2B94
-------------------------------- ------------------------------
c) Nature of the transaction The trustees of the Cohort
plc Employee Benefit Trust
transferred 15,055 Ordinary
Shares to the PDMR following
agreement by the Company
of the surrender of 172,580
options granted under
the Cohort plc Company
Share Option Plan 2006
in exchange for a payment
of GBP125,000 and issue
of 15,055 Ordinary Shares.
-------------------------------- ------------------------------
d) Currency GBP - British Pound
-------------------------------- ------------------------------
e) Price(s) and Volume(s) Surrender:
55,172 Ordinary Shares
at 83.5 pence per share
30,252 Ordinary Shares
at 91.5 pence per share
65,000 Ordinary Shares
at 116.5 pence per share
21,750 Ordinary Shares
at 167.5 pence per share
406 Ordinary Shares at
197.5 pence per share
Issue:
15,055 Ordinary Shares
at 365 pence per share
-------------------------------- ------------------------------
f) Aggregated Information N/A
* Price
* Volume
* Total
-------------------------------- ------------------------------
g) Date of transaction 6(th) July 2018
-------------------------------- ------------------------------
h) Place of transaction London Stock Exchange
-------------------------------- ------------------------------
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------
a) Name Phillippa Walther-Caine
-------------------------------- ------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Wife of Simon Walther,
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 Ordinary Shares in Cohort
instrument, type of instrument plc with a nominal value
of 10 pence each
-------------------------------- ------------------------------
b) Identification Code GB00B0YD2B94
-------------------------------- ------------------------------
c) Nature of the transaction The trustee of the Cohort
plc Employee Benefit Trust
transferred 15,054 Ordinary
Shares to Mrs Walther-Caine
following agreement by
the Company of the surrender
of options granted to
Mr Walther under the Cohort
plc Company Share Option
Plan 2006 in exchange
for the issue of 15,054
Ordinary Shares.
-------------------------------- ------------------------------
d) Currency GBP - British Pound
-------------------------------- ------------------------------
e) Price(s) and Volume(s) 15,054 Ordinary Shares
at 365 pence per share.
-------------------------------- ------------------------------
f) Aggregated Information N/A
* Price
* Volume
* Total
-------------------------------- ------------------------------
g) Date of transaction 6(th) July 2018
-------------------------------- ------------------------------
h) Place of transaction London Stock Exchange
-------------------------------- ------------------------------
Ends
For further information, please contact:
Cohort plc 0118 909 0390
Andrew 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 / Ollie Hoare / Vera
Prokhorenko
NOTES TO EDITORS
Cohort is the parent company of four innovative, agile and
responsive businesses based in the UK and Portugal, providing a
wide range of services and products for domestic and export
customers in defence and related markets.
MASS is a specialist defence and technology business, focused on
electronic warfare, information systems and cyber security.
www.mass.co.uk
MCL is an expert in the sourcing, design, integration and
support of communications and surveillance technology for the
defence and security markets.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house
operating in the defence, transport and offshore energy
markets.
www.sea.co.uk
EID designs and manufactures advanced communications systems for
the defence and security markets.
www.eid.pt
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END
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