REG - Cordel Group PLC - Exercise of Options

CordelAnnouncement

09/12/2024 08:45

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RNS Number : 3199P  Cordel Group PLC  09 December 2024

9 December 2024

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 two previous
employees, of 2,050,000 options over ordinary 1p shares in the Company
("Shares"). The options being exercised will be satisfied by the issue of
2,050,000 new ordinary shares of 1p each in the Company ("Shares").

Application and Total Voting Rights

Application is being made to the London Stock Exchange for the 2,050,000 new
Shares to be admitted to trading on AIM ("Admission") and Admission is
expected to occur on or around 10 December 2024. 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
216,923,230 Shares. The Company holds no Shares in Treasury. This figure of
216,923,230 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 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/)

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