REG - Cordel Group PLC - Issue of Options to PDMR’s

CordelAnnouncement

03/04/2023 11:00

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RNS Number : 1552V  Cordel Group PLC  03 April 2023

3 April 2023

Cordel Group PLC

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

 

Issue of Options to PDMR's

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces the grant of options to John Davis,
Interim CEO, and to Michael Turner, Chief Revenue Officer, under the Company's
Enterprise Management Incentive ("EMI") plan, as detailed below:

 

 

 Date of grant  Name            Position                      Options  Exercise price*  Vesting period
 03.04.23       John Davis      Interim CEO                   250,000  6.25p            Ratably over 4 years, commencing 03.04.23
 03.04.23       Michael Turner  Chief Revenue Officer (PDMR)  170,000  6.25p            Ratably over 4 years, commencing 03.04.23

 

 

* Cordel closing price on day prior to grant

 

Enquiries:

 

 Cordel Group PLC                              c/o Zeus
 Ian Buddery, Chairman

 John Davis, Interim Chief Executive Officer

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

 Strand Hanson Limited Nominated Advisor

 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                                                         John Davis
 2    Reason for the notification
 a)   Position/status                                              Interim Chief Executive Officer
 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                                    Issue of options
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     6.25p             250,000

 d)   Aggregated information                                       N/a - single transaction
 e)   Date of the transaction                                      3 April 2023
 f)   Place of the transaction                                     Off Exchange

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Michael Turner
 2    Reason for the notification
 a)   Position/status                                              PDMR - Chief Revenue Officer
 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                                    Issue of options
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     6.25p             170,000

 d)   Aggregated information                                       N/a - single transaction
 e)   Date of the transaction                                      3 April 2023
 f)   Place of the transaction                                     Off Exchange

 

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