CRDL.L

Cordel Group PLC
Cordel Group PLC - Completion of Placing to raise £1.0m and TR-1
3rd October 2024, 12:41
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RNS Number : 8728G
Cordel Group PLC
03 October 2024
 

3 October 2024

Cordel Group plc

("Cordel" or the "Company")

Completion of Placing to raise £1.0 million

TR-1: Standard form for notification of major holdings

Further to completion of the Placing, successfully raising £1.0 million (gross) through the issue of 15,384,616 new Ordinary Shares at 6.5p per share (a premium to the then prevailing share price), and Admission of the Placing Shares on 1 October 2024, Cordel Group plc (AIM: CRDL), the Artificial Intelligence ("AI") platform for transport corridor analytics, notifies the increased shareholding disclosure by Rathbones Investment Management Limited, set out below.

Defined terms in this announcement shall have the same meaning as in the Company's announcement on 26 September 2024, unless defined otherwise.

 

1. Issuer Details

ISIN

GB00BYZQM590

Issuer Name

CORDEL GROUP PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Rathbones Investment Management Ltd

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Name

City of registered office

Country of registered office

Rathbone Nominees Limited

London

United Kingdom

5. Date on which the threshold was crossed or reached

01-Oct-2024

6. Date on which Issuer notified

02-Oct-2024

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

9.524600

0.000000

9.524600

20465874

Position of previous notification (if applicable)





8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BYZQM590


20465874


9.524600

Sub Total 8.A

20465874

9.524600%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 





Sub Total 8.B1




8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

 






Sub Total 8.B2




9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Rathbones Group Plc

Rathbones Investment Management Limited

9.524600


9.524600%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

None

12. Date of Completion

02-Oct-2024

13. Place Of Completion

Port of Liverpool Building, Liverpool L3 1NW

 

 

Enquiries:

 

Cordel Group PLC

C/o Strand Hanson

Ian Buddery, Chairman

John Davis, Chief Executive Officer


 

Cavendish Capital Markets Limited, Broker

 

+44 (0)20 3829 5000

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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