| One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
24 September 2024
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COHORT PLC
("Cohort")
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 21 August 2024 were duly passed by shareholders.
A summary of the votes received for each resolution is as follows:
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| For1 | % For | Against | % Against | Total | % Total2 | Withheld3 |
| Ordinary Resolutions |
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| 1: Accounts | 26,472,365 | 100.00% | 0 | 0.00% | 26,472,365 | 63.33 | 12,006 |
| 2: Dividend | 26,482,919 | 100.00% | 2 | 0.00% | 26,482,921 | 63.35 | 1,450 |
| 3: Remuneration Report | 26,072,450 | 99.97% | 8,326 | 0.03% | 26,080,776 | 62.39 | 2,894 |
| 4: Elect Peter Lynas | 26,479,780 | 99.99% | 1,500 | 0.01% | 26,481,280 | 63.35 | 3,091 |
| 5: Re-elect Nick Prest CBE | 25,647,585 | 99.56% | 113,939 | 0.44% | 25,761,524 | 61.63 | 722,847 |
| 6: Re-elect Andrew Thomis | 26,468,350 | 99.95% | 13,174 | 0.05% | 26,481,524 | 63.35 | 2,847 |
| 7: Re-elect Simon Walther | 26,431,502 | 99.81% | 50,022 | 0.19% | 26,481,524 | 63.35 | 2,847 |
| 8: Re-elect Edward Lowe | 26,477,597 | 99.98% | 4,255 | 0.02% | 26,481,852 | 63.35 | 2,519 |
| 9: Re-elect Beatrice Nicholas | 26,477,785 | 99.99% | 3,739 | 0.01% | 26,481,524 | 63.35 | 2,847 |
| 10: Re-appoint RSM | 26,447,642 | 99.97% | 8,967 | 0.03% | 26,456,609 | 63.29 | 27,762 |
| 11: Auditor's Remuneration | 26,479,864 | 99.99% | 1,565 | 0.01% | 26,481,429 | 63.35 | 2,942 |
| 12: Allot shares | 26,466,993 | 99.94% | 16,111 | 0.06% | 26,483,104 | 63.35 | 1,267 |
| Special Resolutions | | ||||||
| 13: General disapplication of pre-emption rights | 25,747,968 | 97.22% | 734,994 | 2.78% | 26,482,962 | 63.35 | 1,409 |
| 14: Additional disapplication of pre-emption rights | 25,734,445 | 97.17% | 748,517 | 2.83% | 26,482,962 | 63.35 | 1,409 |
| 15: Purchase own shares | 26,418,649 | 99.94% | 14,791 | 0.06% | 26,433,440 | 63.24 | 50,931 |
| 16: General meeting notice | 26,472,998 | 99.96% | 10,442 | 0.04% | 26,483,440 | 63.35 | 931 |
Jeff Perrin retired from the Cohort Board following today's AGM after 9 years during which he Chaired the Audit Committee, was a member of the Remuneration Committee and acted as Senior Independent Director. He brought diligence and wisdom to these roles and made a valuable contribution to the development of Cohort. The Board is most grateful to him. Peter Lynas has succeeded Jeff as Chairman of the Audit Committee and Senior Independent Director.
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 41,801,761.
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.
ENDS
For further information please contact:
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Cohort plc |
0118 909 0390 |
| Andrew Thomis, Chief Executive |
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| Simon Walther, Finance Director |
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| Kellie Young, (Interim) Group Head of Marketing and Corporate Communications | |
| Raquel McGrath, Company Secretary | |
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Investec Bank Plc (NOMAD and Broker) |
020 7597 5970 |
| Carlton Nelson, Christopher Baird |
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MHP |
020 3128 8276 |
| Reg Hoare, Ollie Hoare, Hugo Harris | |
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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 1,300 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
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