TIDMCRDL

RNS Number : 9383E

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 GBP0.01 each ("Ordinary Shares") at a price of 7 pence per Ordinary Share:

 
                                                               Percentage of 
                            Shares         Resultant    the Company's voting 
 Director                 acquired           holding                  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     +44 (0)20 3829 5000 
 
  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:

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                                            Ian James Buddery 
      -----------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                                 PDMR - Chairman 
      -----------------------------------  ---------------------------------------------- 
 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) 
                                            ------------------  ----------------------- 
                                             7p                       490,000 
                                            ------------------  ----------------------- 
 
 d)    Aggregated information 
 
   Aggregated volume                     490,000 
   Price                                  7p 
   Aggregate total                       GBP34,300 
 e)    Date of the transaction              30 June 2023 
 f)    Place of the transaction             London Stock Exchange 
      -----------------------------------  ----------------------------------------------

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END

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July 05, 2023 02:00 ET (06:00 GMT)

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