Cordel Group PLC Purchase of Shares by PDMR (0503W)

TIDMCRDL

RNS Number : 0503W

Cordel Group PLC

15 August 2022

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 the following Person Discharging Management Responsibility (PDMR), on 15 August 2022, purchased on-market 100,000 Cordel ordinary Shares of GBP0.01 each ("Ordinary Shares") at a price of 9.4 pence per Ordinary Share:

 
                                                                Percentage of 
                               Shares       Resultant    the Company's voting 
 Director                    acquired         holding                  rights 
 
 Michael Turner               100,000         100,000                   0.06%

Enquiries:

 
 Cordel Group PLC                            c/o SEC Newgate 
 Ian Buddery, Chairman 
  Nick Smith, CEO 
 Arden Partners plc Broker                   +44 (0)20 7614 5900 
 Ruari McGirr 
 
  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

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:

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                            Michael Turner 
      -----------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                                 PDMR - Chief Revenue Officer 
      -----------------------------------  ---------------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer 
        or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                 Cordel Group plc 
      -----------------------------------  ---------------------------------------------- 
 b)    LEI                                  213800ZUBMOCVHSSJC14 
      -----------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (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                   ordinary shares of GBP0.01 nominal value 
        financial instrument,                each 
        type of instrument                   ISIN: GB00BYZQM590 
        Identification code 
 b)    Nature of the transaction            Purchase of shares 
 c)    Price(s) and volume(s) 
                                            ------------------  ----------------------- 
                                             Price(s)            Volume(s) 
                                            ------------------  ----------------------- 
                                             9.4p                     100,000 
                                            ------------------  ----------------------- 
 
 d)    Aggregated information 
 
   Aggregated volume                     100,000 
   Price                                  9.4p 
   Aggregate total                       GBP9,400 
 e)    Date of the transaction              15 August 2022 
 f)    Place of the transaction             London Stock Exchange 
      -----------------------------------  ----------------------------------------------

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