Purchase of Shares by Chairman

Cordel

15/09/2025 07:00

RNS Number : 2334Z

Cordel Group PLC

15 September 2025

 

15 September 2025

Cordel Group plc

("Cordel" or the "Company" or the "Group")

Purchase of Shares by Chairman

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces that further to an instruction on 8 September 2025 to his broker, on 12 September 2025, Ian Buddery, Chairman, purchased on-market 350,000 Cordel ordinary shares of £0.01 each ("Ordinary Shares") at a price of 6.2507 pence per Ordinary Share, as detailed below:

Director
Shares acquired
Resultant holding
Percentage of the Company's voting rights
Ian Buddery
350,000
10,181,626
4.69%

 

As a result of this purchase, the aggregate holding of the Concert Party (as described in the Company's circular dated 15 October 2019) is 76,781,625 Ordinary Shares, representing approximately 35.4% of the Company's issued share capital.

 

Enquiries:

 

Cordel Group PLC
c/o Strand Hanson
Ian Buddery, Chairman
John Davis, Chief Executive Officer
Cavendish Capital Markets Limited, Broker
+44 (0)20 7220 0500
Marc Milmo (Corporate Finance)
Sunila de Silva (ECM)
Strand Hanson Limited, Nominated Adviser
Richard Johnson / James Bellman
+44 (0)20 7409 3494


About Cordel

Cordel produces specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.

Further information on the Company is available at: www.cordel.ai

 

 

 

PDMR Notification Form:

The notification below is made in accordance with the requirements of the Market Abuse Regulation:

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Ian Buddery
2
Reason for the notification
a)
Position/status
Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a)
Name
Cordel Group plc
b)
LEI
213800ZUBMOCVHSSJC14
4
Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of £0.01 nominal value each
ISIN: GB00BYZQM590
b)
Nature of the transaction
Market purchase
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.2507p
350,000
d)
Aggregated information
N/a - single transaction
e)
Date of the transaction
12 September 2025
f)
Place of the transaction
London Stock Exchange

 

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