Cordel Group PLC Exercise of Options (4202Y)
04 Mai 2023 - 9:40AM
UK Regulatory
TIDMCRDL
RNS Number : 4202Y
Cordel Group PLC
04 May 2023
4 May 2023
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Exercise of Options
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, announces the exercise,
by a previous employee, of 490,000 options over ordinary 1p shares
in the Company ("Shares"). The options being exercised will be
satisfied by the issue of 490,000 new ordinary shares of 1p each in
the Company ("Shares").
Application and Total Voting Rights
Application has been made to the London Stock Exchange for the
490,000 new Shares to be admitted to trading on AIM ("Admission")
and Admission is expected to occur on or around 5 May 2023. The new
Shares will, upon issue, rank pari passu with the existing Shares
in the Company.
Following Admission, the Company's enlarged issued share capital
will be 199,488,614 Shares. The Company holds no Shares in
Treasury. This figure of 199,488,614 Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Enquiries:
Cordel Group PLC c/o Zeus
Ian Buddery, Chairman
John Davis, Chief Executive Officer
Zeus Capital Limited Broker +44 (0)20 3829 5000
Simon Johnson / Alexandra Campbell-Harris
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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