TIDMCRDL

RNS Number : 5536S

Cordel Group PLC

07 November 2023

7th November 202 3

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 John Davis, Chief Executive Officer, on 6th November 2023, purchased on-market 100,000 Cordel ordinary Shares of GBP0.01 each ("Ordinary Shares") at a price of 4.8 pence per Ordinary Share:

 
                                                            Percentage of 
                           Shares       Resultant    the Company's voting 
 Director                acquired         holding                  rights 
 
 John Davis               100,000         750,000                    0.4%

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 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                                   John Davis 
      -------------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                        Director - 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                     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) 
                                              ---------------------  -------------------- 
                                               4.8p                   100,000 
                                              ---------------------  -------------------- 
 
 d)    Aggregated information                 n/a 
 
        Aggregated volume 
        Price 
        Aggregate total 
 e)    Date of the transaction                6th November 2023 
 f)    Place of the transaction               London Stock Exchange 
      -------------------------------------  ----------------------------------------------

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END

DSHFSIFAMEDSESF

(END) Dow Jones Newswires

November 07, 2023 02:00 ET (07:00 GMT)

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