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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cohort PLC    CHRT   GB00B0YD2B94

COHORT PLC

(CHRT)
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Cohort : Contract Announcement

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02/12/2019 | 04:25am EST

Contract Announcement

Released : 12.02.2019 09:15

RNS Number : 7539P

Cohort PLC

12 February 2019

12 February 2019

Cohort plc

("Cohort" or "the Group")

Contract Announcement

MCL contracted to supply Electronic Systems to the UK Ministry of Defence (MOD)

Cohort plc, the independent technology group, today announces that its wholly‐owned subsidiary, Marlborough Communications Ltd (MCL) has been awarded a five‐year, sole‐source contract to provide Electronic Systems for the MOD. The contract is valued at £15.1 million across an initial five‐year period, with an option of a further two years.

Andy Thomis, Chief Executive of Cohort, said:

"This contract win is another great success for MCL. It exemplifies our approach of using our highly skilled and knowledgeable team to deliver world‐class technology to the MOD. Together with other recent wins, this contract enhances the visibility of future Group revenue."

‐ Ends ‐

For further information, please contact:

Cohort plc

0118 909 0390

Andy Thomis, Chief Executive Simon Walther, Finance Director

Investec Bank Plc

020 7597 5970

Keith Anderson / Daniel Adams

MHP Communications

020 3128 8771

Reg Hoare / Ollie Hoare / Luke Briggs

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company of five 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.

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers systems and technologies for detecting,tracking, classifying and disrupting naval, land and air threats. It was acquired by Cohort plc in December 2018. www.chess‐dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016. www.eid.pt

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security. Acquired by Cohort in August 2006. www.mass.co.uk

MCL ‐ an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training 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 is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. 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 its headquarters in Reading, Berkshire and employs in total around 950 core staff there and at its other operating company sites across the UK and in Portugal.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

CNTUURKRKOAUARR

Disclaimer

Cohort plc published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 09:24:06 UTC

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Financials (GBP)
Sales 2019 125 M
EBIT 2019 16,5 M
Net income 2019 5,40 M
Debt 2019 2,50 M
Yield 2019 2,39%
P/E ratio 2019 30,00
P/E ratio 2020 13,71
EV / Sales 2019 1,27x
EV / Sales 2020 1,15x
Capitalization 157 M
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Number of Analysts 1
Average target price 5,00  GBP
Spread / Average Target 31%
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Managers
NameTitle
Andrew Stephen Thomis Chief Executive Officer & Executive Director
Nicholas Martin Prest Chairman
Simon Robert Walther Finance Director, Secretary & Executive Director
Albert Edward Stanley Carter Non-Executive Director
Robert Walmsley Senior Independent Non-Executive Director
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