Cordel Group PLC Issue of Options to PDMR's (1552V)
03 April 2023 - 12:00PM
UK Regulatory
TIDMCRDL
RNS Number : 1552V
Cordel Group PLC
03 April 2023
3 April 2023
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Issue of Options to PDMR's
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, announces the grant of
options to John Davis, Interim CEO, and to Michael Turner, Chief
Revenue Officer, under the Company's Enterprise Management
Incentive ("EMI") plan, as detailed below:
Date Name Position Options Exercise Vesting period
of grant price*
Ratably over
4 years, commencing
03.04.23 John Davis Interim CEO 250,000 6.25p 03.04.23
---------------- ----------------- -------- --------- ---------------------
Ratably over
Chief Revenue 4 years, commencing
03.04.23 Michael Turner Officer (PDMR) 170,000 6.25p 03.04.23
---------------- ----------------- -------- --------- ---------------------
* Cordel closing price on day prior to grant
Enquiries:
Cordel Group PLC c/o Zeus
Ian Buddery, Chairman
John Davis, Interim Chief Executive Officer
Zeus Capital Limited Broker +44 (0)20 3829 5000
Simon Johnson / Alexandra Campbell-Harris
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:
The notification below is made in accordance with the
requirements of the Market Abuse Regulation:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John Davis
----------------------------------- ------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------------
a) Position/status Interim Chief Executive Officer
----------------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------------------------
a) Name Cordel Group plc
----------------------------------- ------------------------------------------------
b) LEI 213800ZUBMOCVHSSJC14
----------------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 ordinary shares of GBP0.01 nominal value
financial instrument, each
type of instrument ISIN: GB00BYZQM590
Identification code
b) Nature of the transaction Issue of options
c) Price(s) and volume(s)
------------------- ------------------------
Price(s) Volume(s)
------------------- ------------------------
6.25p 250,000
------------------- ------------------------
d) Aggregated information N/a - single transaction
e) Date of the transaction 3 April 2023
f) Place of the transaction Off Exchange
----------------------------------- ------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Michael Turner
----------------------------------- ----------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status PDMR - Chief Revenue Officer
----------------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------
a) Name Cordel Group plc
----------------------------------- ----------------------------------------------
b) LEI 213800ZUBMOCVHSSJC14
----------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 ordinary shares of GBP0.01 nominal value
financial instrument, each
type of instrument ISIN: GB00BYZQM590
Identification code
b) Nature of the transaction Issue of options
c) Price(s) and volume(s)
------------------ -----------------------
Price(s) Volume(s)
------------------ -----------------------
6.25p 170,000
------------------ -----------------------
d) Aggregated information N/a - single transaction
e) Date of the transaction 3 April 2023
f) Place of the transaction Off Exchange
----------------------------------- ----------------------------------------------
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