REG - Cordel Group PLC - Purchase of Shares by PDMR

CordelAnnouncement

03/11/2023 16:45

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RNS Number : 3936S  Cordel Group PLC  03 November 2023

3rd November 2023

Cordel Group PLC

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

 

Purchase of Shares by PDMR

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces that Michael Turner, a Person
Discharging Management Responsibility (PDMR) of the Company, on 2nd November
2023, purchased on-market 100,000 Cordel ordinary Shares of £0.01 each
("Ordinary Shares") at a price of 4.124 pence per Ordinary Share:

 

 Name            Shares acquired                 Resultant holding     Percentage of the Company's voting rights

 Michael Turner              100,000                    200,000        0.1%

 

 

Enquiries:

 

 Cordel Group PLC                          c/o Zeus Capital
 Ian Buddery, Chairman

 John Davis, CEO

 Zeus Capital Broker                       +44 (0)20 3829 5000
 Simon Johnson

 Strand Hanson Limited Nominated Advisor   +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:

Notification of Transactions of Persons Discharging Managerial Responsibility
and Persons Closely Associated with them

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                                                         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                                    Purchase of shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     4.124p            100,000

 d)   Aggregated information                                       n/a

      Aggregated volume

      Price

      Aggregate total
 e)   Date of the transaction                                      2nd November 2023
 f)   Place of the transaction                                     London Stock Exchange

 

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