Company Announcements

COHORT PLC

("Cohort", "the Company" or "the Group")

DIRECTORATE CHANGE

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Cohort, the independent technology group, is pleased to announce the appointment of Peter John Lynas as a non-executive director, with effect from 2 January 2024. He will also become a member of the Audit, Remuneration and Nomination Committees. Jeff Perrin, currently Chairman of the Audit Committee, has advised the Board of his intention to retire from the Board following the 2024 AGM, after 9 years in post, and it is planned that Peter Lynas will then replace him as Chairman of the Audit Committee.

Peter Lynas is a qualified FCCA who spent the early part of his career in a variety of financial roles, primarily with GEC Marconi. From 2000 he was at BAE Systems, first as Group Controller and then as Group Finance Director from 2011 until his retirement in 2020. In addition to his wide and deep knowledge of all aspects of finance in the international defence and aerospace sector, encompassing financial control and reporting, treasury, tax, risk management, M&A and investor relations, Peter has considerable experience of programme management and strategy development and execution.

Peter is also a non-executive director of FirstGroup plc and he served as a non-executive Director of SSE plc from 2014 until 2023.

Nick Prest, Chairman of Cohort said:

"I am delighted that we will shortly be welcoming Peter Lynas to the Board. His financial acumen and experience of our industry will be of great value as we take Cohort to the next stage of its development."

Other than as set out in this announcement, there are no further disclosures required under Schedule Two, paragraph (g) of the AIM Rules for Companies.

ENDS

For further information please contact:

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies

Peter John Lynas (age 65)

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.

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 1,200 core staff there and at its other operating company sites across the UK, Germany, and Portugal.

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence

·      EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016.  www.eid.pt

·      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

Sensors and Effectors

·      Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com

·      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 

·      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