REG - Cordel Group PLC - Directors' Dealings

CordelAnnouncement

14/11/2024 08:30

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RNS Number : 2546M  Cordel Group PLC  14 November 2024

14 November 2024

Cordel Group plc

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

Directors' Dealings - grant of options and market purchase

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces the grant of options to Ms Natasha
Dinneen, Chief Financial Officer ("CFO") and Director of the Company, under
the Company's employment share option plan ("ESOP"), as detailed below:

 Date of grant  Name                Position  Options  Exercise price*
 14.11.24       Ms Natasha Dinneen  CFO       300,000  7.5p

* Cordel closing price on 13 November 2024

The options granted have a vesting period of two years, subject to continued
employment, and an exercise period of ten years from vesting. Following this
grant, Ms Natasha Dinneen has 300,000 of outstanding options.

On 13 November 2024, John Davis, CEO, purchased 71,367 ordinary shares of 1p
each in the Company ("Ordinary Shares"). Following this transaction Mr Davis
has a holding of 821,367 Ordinary Shares.

 

Enquiries:

 

 Cordel Group PLC                                                 c/o Cavendish
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer
 Cavendish Capital Markets Limited, Broker   +44 (0)20 7908 6000
 Marc Milmo / Rory Sale (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
(http://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                                                         Natasha Dinneen
 2    Reason for the notification
 a)   Position/status                                              Director (CFO)
 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  Ordinary shares of £0.01 nominal value each

      Identification code                                          ISIN: GB00BYZQM590
 b)   Nature of the transaction                                    Grant of options
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     7.5p              300,000

 d)   Aggregated information                                       N/a - single transaction
 e)   Date of the transaction                                      14 November 2024
 f)   Place of the transaction                                     Off Exchange

 

 1    Details of the person discharging managerial responsibilities
 a)   Name                                                         John Davis
 2    Reason for the notification
 a)   Position/status                                              Director (CEO)
 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  Ordinary shares of £0.01 nominal value each

      Identification code                                          ISIN: GB00BYZQM590
 b)   Nature of the transaction                                    Market purchase
 c)   Price(s) and volume(s)

                                                                                    Price(s)         Volume(s)
                                                                                    7.25p            71,367

 d)   Aggregated information                                       n/a - single transaction
 e)   Date of the transaction                                      13 November 2024
 f)   Place of the transaction                                     London Stock Exchange

 

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