Result of the Retail Offer
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Cohort plc (AIM: CHRT), the independent technology group, is pleased to announce that, following the close of the Retail Offer announced earlier today (the "Retail Offer Launch Announcement"), it has conditionally raised gross proceeds of £1 million consisting of 114,285 new Ordinary Shares of 10 pence each in the capital of the Company (the "Retail Offer Shares") at a price of 875 pence per Retail Offer Share (the "Issue Price").
Consequently, 4,571,428 Placing Shares and 114,285 Retail Offer Shares (together the "New Ordinary Shares"), totalling 4,685,713 New Ordinary Shares will be issued at the Issue Price subject to the conditions set out in the Launch Announcement.
A separate announcement has been made regarding the results of the Placing.
Capitalised terms not defined in this announcement (this "Announcement") have the meanings given to them in the Retail Offer Launch Announcement.
Admission, settlement and dealings
Application has been made to the London Stock Exchange for the 114,285 Retail Offer Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission").
Admission is expected to take place at 8.00 a.m. on 25 November 2024 and dealings in the Retail Offer Shares are expected to commence at 8.00 a.m. on 25 November 2024.
Following the issue of the New Ordinary Shares, the Company will have 46,552,085 Ordinary Shares of 10 pence each in issue. The figure of 46,552,085 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Rules and Transparency Rules.
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