TIDMCRDL

RNS Number : 3936S

Cordel Group PLC

03 November 2023

3rd November 202 3

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 Michael Turner, a Person Discharging Management Responsibility (PDMR) of the Company, on 2nd November 2023, purchased on-market 100,000 Cordel ordinary Shares of GBP0.01 each ("Ordinary Shares") at a price of 4.124 pence per Ordinary Share:

 
                                                                Percentage of 
                               Shares       Resultant    the Company's voting 
 Name                        acquired         holding                  rights 
 
 Michael Turner               100,000         200,000                    0.1% 
 

Enquiries:

 
 Cordel Group PLC                            c/o Zeus Capital 
 Ian Buddery, Chairman 
  John Davis , CEO 
 Zeus Capital Broker                         +44 (0)20 3829 5000 
 Simon Johnson 
 
  Strand Hanson Limited Nominated Advisor 
  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                                 Michael Turner 
      -----------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                      PDMR - Chief Revenue 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                   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) 
                                            ------------------  ----------------------- 
                                             4.124p                   100,000 
                                            ------------------  ----------------------- 
 
 d)    Aggregated information               n/a 
 
        Aggregated volume 
        Price 
        Aggregate total 
 e)    Date of the transaction              2nd November 2023 
 f)    Place of the transaction             London Stock Exchange 
      -----------------------------------  ---------------------------------------------- 
 

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END

DSHFSSFMDEDSELF

(END) Dow Jones Newswires

November 03, 2023 12:44 ET (16:44 GMT)

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