Cordel Group PLC Issue of Options to PDMR (5726X)
26 April 2023 - 10:15PM
UK Regulatory
TIDMCRDL
RNS Number : 5726X
Cordel Group PLC
26 April 2023
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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END
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