Purchase of Shares by PDMR

RNS Number : 0503W

Cordel Group PLC

15 August 2022

 

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 £0.01 each ("Ordinary Shares") at a price of 9.4 pence per Ordinary Share:

Director	Shares acquired	Resultant holding	Percentage of the Company's voting 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	[phone]
Ruari McGirr Strand Hanson Limited Nominated Advisor 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	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 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)
			9.4p	100,000
d)	Aggregated information Aggregated volume Price Aggregate total	100,000   9.4p £9,400
e)	Date of the transaction	15 August 2022
f)	Place of the transaction	London Stock Exchange

 

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