CRDL.L

Cordel Group PLC
Cordel Group PLC - Directors' Dealings
14th November 2024, 08:30
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RNS Number : 2546M
Cordel Group PLC
14 November 2024
 

14 November 2024

Cordel Group plc

("Cordel" or the "Company" or the "Group")

Directors' Dealings - grant of options and market purchase

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces the grant of options to Ms Natasha Dinneen, Chief Financial Officer ("CFO") and Director of the Company, under the Company's employment share option plan ("ESOP"), as detailed below:

Date of grant

Name

Position

Options

Exercise price*

14.11.24

Ms Natasha Dinneen

CFO

300,000

7.5p

* Cordel closing price on 13 November 2024

The options granted have a vesting period of two years, subject to continued employment, and an exercise period of ten years from vesting. Following this grant, Ms Natasha Dinneen has 300,000 of outstanding options.

On 13 November 2024, John Davis, CEO, purchased 71,367 ordinary shares of 1p each in the Company ("Ordinary Shares"). Following this transaction Mr Davis has a holding of 821,367 Ordinary Shares.

 

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

PDMR Notification Form:

The notification below is made in accordance with the requirements of the Market Abuse Regulation:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Natasha Dinneen

2

Reason for the notification

a)

Position/status

Director (CFO)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer

or auction monitor

a)

Name

Cordel Group plc

b)

LEI

213800ZUBMOCVHSSJC14

4

Details of the transaction(s): section to be repeated for (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 instrument, type of instrument

Identification code

Ordinary shares of £0.01 nominal value each

ISIN: GB00BYZQM590

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)













Price(s)

Volume(s)







7.5p

300,000













d)

Aggregated information

N/a - single transaction

e)

Date of the transaction

14 November 2024

f)

Place of the transaction

Off Exchange

 

1

Details of the person discharging managerial responsibilities

a)

Name

John Davis

2

Reason for the notification

a)

Position/status

Director (CEO)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer

or auction monitor

a)

Name

Cordel Group plc

b)

LEI

213800ZUBMOCVHSSJC14

4

Details of the transaction(s): section to be repeated for (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 instrument, type of instrument

Identification code

Ordinary shares of £0.01 nominal value each

ISIN: GB00BYZQM590

b)

Nature of the transaction

Market purchase

c)

 

Price(s) and volume(s)













Price(s)

Volume(s)







7.25p

71,367













d)

Aggregated information

n/a - single transaction

e)

Date of the transaction

13 November 2024

f)

Place of the transaction

London Stock Exchange

 

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