Purchase of Shares by Director

Cordel Group PLC

05 July 2023

 

5 July 2023

Cordel Group PLC

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

Purchase of Shares by Director

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces that the following director, on 30 June 2023, purchased on-market 490,000 Cordel ordinary shares of £0.01 each ("Ordinary Shares") at a price of 7 pence per Ordinary Share:

Director	Shares acquired	Resultant holding	Percentage of the Company's voting rights
Ian Buddery	490,000	9,473,476	4.75%

As a result of this purchase, the aggregate holding of the Concert Party (as described in the Company's circular dated 15 October 2019) remains unchanged at 76,073,475 Ordinary Shares, representing approximately 38.13% of the Company's issued share capital.

Enquiries:

Cordel Group PLC	c/o Zeus
Ian Buddery, Chairman John Davis, Chief Executive Officer
Zeus Capital Limited Broker Simon Johnson / Alexandra Campbell-Harris	[phone]
Strand Hanson Limited Nominated Adviser Richard Johnson / James Bellman	[phone]

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:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian James Buddery
2	Reason for the notification
a)	Position/status	PDMR - Chairman
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 Identification code	ordinary shares of £0.01 nominal value each ISIN: GB00BYZQM590
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			7p	490,000
d)	Aggregated information Aggregated volume Price Aggregate total	490,000            7p £34,300
e)	Date of the transaction	30 June 2023
f)	Place of the transaction	London Stock Exchange

 

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