REG - Cordel Group PLC - Exercise of options

CordelAnnouncement

21/03/2022 07:00

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RNS Number : 3404F  Cordel Group PLC  21 March 2022

21 March 2022

Cordel Group PLC

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

 

Exercise of options

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces the exercise, by a previous employee,
of 250,000 options over ordinary 1p shares in the Company ("Shares") at 1.3p
per share. The options being exercised will be satisfied by the issue of
250,000 new ordinary shares of 1p each in the Company ("Shares").

 

Application and Total Voting Rights

 

Application has been made to the London Stock Exchange for the 250,000 new
Shares to be admitted to trading on AIM ("Admission") and Admission is
expected to occur on or around 24 March 2022. The new Shares will, upon issue,
rank pari passu with the existing Shares in the Company.

 

Following Admission of the 250,000 new Shares, the Company's enlarged issued
share capital will be 170,427,186  Shares. The Company holds no Shares in
Treasury. This figure of 170,4277,186 Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

 

Enquiries:

 

 Cordel Group PLC                               c/o SEC Newgate
 Ian Buddery, Chairman

 Nick Smith, CEO

 Arden Partners (Broker and Nominated Adviser)  +44 (0)20 7614 5900
 Ruari McGirr / Richard Johnson

 SEC Newgate (Financial PR)                     +44(0) 7540 106366
 Robin Tozer / Bob Huxford / Tom Carnegie

 

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

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