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