REG - Cordel Group PLC - Exercise of Options

CordelAnnouncement

04/05/2023 08:45

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RNS Number : 4202Y  Cordel Group PLC  04 May 2023

4 May 2023

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 490,000 options over ordinary 1p shares in the Company ("Shares"). The
options being exercised will be satisfied by the issue of 490,000 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 490,000 new
Shares to be admitted to trading on AIM ("Admission") and Admission is
expected to occur on or around 5 May 2023. The new Shares will, upon issue,
rank pari passu with the existing Shares in the Company.

Following Admission, the Company's enlarged issued share capital will be
199,488,614 Shares. The Company holds no Shares in Treasury. This figure of
199,488,614 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 Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Zeus Capital Limited Broker                +44 (0)20 3829 5000
 Simon Johnson / Alexandra Campbell-Harris

 Strand Hanson Limited Nominated Adviser    +44 (0)20 7409 3494

 Richard Johnson / James Bellman

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)

 

 

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