Cordel Group PLC Exercise of Options
09 Dicembre 2024 - 9:30AM
RNS Regulatory News
RNS Number : 3199P
Cordel Group PLC
09 December 2024
9 December 2024
Cordel Group
plc
("Cordel"
or the "Company" or the "Group")
Exercise of
Options
Cordel Group PLC (AIM: CRDL), the
Artificial Intelligence platform for transport corridor analytics,
announces the exercise, by two previous employees, of 2,050,000
options over ordinary 1p shares in the Company ("Shares"). The
options being exercised will be satisfied by the issue of 2,050,000
new ordinary shares of 1p each in the Company
("Shares").
Application and Total Voting Rights
Application is being made to the
London Stock Exchange for the 2,050,000 new Shares to be admitted
to trading on AIM ("Admission") and Admission is expected to occur
on or around 10 December 2024. The new Shares will, upon issue,
rank pari passu with the existing Shares in the Company.
Following Admission, the Company's
enlarged issued share capital will be 216,923,230 Shares. The
Company holds no Shares in Treasury. This figure of 216,923,230
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
|
Cordel Group PLC
|
c/o Cavendish
|
|
Ian Buddery, Chairman
John Davis, Chief Executive
Officer
|
|
|
Cavendish Capital Markets Limited, Broker
|
+44 (0)20 7908 6000
|
|
|
Marc Milmo / Rory Sale (Corporate
Finance)
Sunila de Silva (ECM)
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
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END
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