Cordel Group PLC Issue of Options to PDMR (5726X)

TIDMCRDL

RNS Number : 5726X

Cordel Group PLC

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

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                                              John Davis 
      -------------------------------------  -------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                                   Chief Executive 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 financial           ordinary shares of GBP0.01 nominal value 
        instrument, type of                    each 
        instrument 
        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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