3rd November 2023
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 £0.01 each ("Ordinary Shares") at a price of 4.124 pence per Ordinary Share:
| Name | Shares acquired | Resultant holding | Percentage of the Company's voting 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:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Michael Turner | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - Chief Revenue Officer | |||
| 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 | Purchase of shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 4.124p | 100,000 | | |
| | | | | | |
| d) | Aggregated information
Aggregated volume Price Aggregate total | n/a
| |||
| e) | Date of the transaction | 2nd November 2023 | |||
| f) | Place of the transaction | London Stock Exchange | |||
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