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Cordel Group PLC granted 300,000 options to Ms Natasha Dinneen, Chief Financial Officer and Director, on 14 November 2024 at an exercise price of 7.5p. Separately, on 13 November 2024, John Davis, CEO, purchased 71,367 ordinary shares at 7.25p, increasing his total holding to 821,367 ordinary shares.
| Date | 14 Nov 2024 |
| Time | 08:30:00 |
| Category | Director/PDMR dealings |
| ID | 2546M |
14 November 2024
Cordel Group plc
("Cordel" or the "Company" or the "Group")
Directors' Dealings - grant of options and market purchase
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces the grant of options to Ms Natasha Dinneen, Chief Financial Officer ("CFO") and Director of the Company, under the Company's employment share option plan ("ESOP"), as detailed below:
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Date of grant |
Name |
Position |
Options |
Exercise price* |
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14.11.24 |
Ms Natasha Dinneen |
CFO |
300,000 |
7.5p |
* Cordel closing price on 13 November 2024
The options granted have a vesting period of two years, subject to continued employment, and an exercise period of ten years from vesting. Following this grant, Ms Natasha Dinneen has 300,000 of outstanding options.
On 13 November 2024, John Davis, CEO, purchased 71,367 ordinary shares of 1p each in the Company ("Ordinary Shares"). Following this transaction Mr Davis has a holding of 821,367 Ordinary Shares.
Enquiries:
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Cordel Group PLC |
c/o Cavendish |
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Ian Buddery, Chairman John Davis, Chief Executive Officer |
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Cavendish Capital Markets Limited, Broker |
+44 (0)20 7908 6000 |
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Marc Milmo / Rory Sale (Corporate Finance) Sunila de Silva (ECM) Strand Hanson Limited, Nominated Adviser Richard Johnson / James Bellman |
+44 (0)20 7409 3494
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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:
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Natasha Dinneen |
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2 |
Reason for the notification |
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a) |
Position/status |
Director (CFO) |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Cordel Group plc |
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b) |
LEI |
213800ZUBMOCVHSSJC14 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 nominal value each ISIN: GB00BYZQM590 |
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b) |
Nature of the transaction |
Grant of options |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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7.5p |
300,000 |
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d) |
Aggregated information |
N/a - single transaction |
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e) |
Date of the transaction |
14 November 2024 |
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f) |
Place of the transaction |
Off Exchange |
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
John Davis |
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2 |
Reason for the notification |
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a) |
Position/status |
Director (CEO) |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Cordel Group plc |
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b) |
LEI |
213800ZUBMOCVHSSJC14 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 nominal value each ISIN: GB00BYZQM590 |
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b) |
Nature of the transaction |
Market purchase |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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7.25p |
71,367 |
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d) |
Aggregated information |
n/a - single transaction |
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e) |
Date of the transaction |
13 November 2024 |
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f) |
Place of the transaction |
London Stock Exchange |
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