REG - Cordel Group PLC - Issue of Options to PDMR

CordelAnnouncement

26/04/2023 13:30

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RNS Number : 5726X  Cordel Group PLC  26 April 2023

26 April 2023

Cordel Group PLC

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

 

Issue of Options to PDMR

 

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

 Date of grant  Name        Position  Options  Exercise price*  Vesting period
 26.04.23       John Davis  CEO       750,000  6.75p            Ratably over 3 years, commencing 26.04.23

 

* Cordel closing price on day prior to grant

 

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)

 

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                                              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)
                                                                                   6.75p           750,000

 d)   Aggregated information                                       N/a - single transaction
 e)   Date of the transaction                                      26 April 2023
 e    Place of the transaction                                     Off Exchange

 

 

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