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On 18 June 2025, Ian Buddery, Chairman of Cordel Group PLC, purchased 358,150 Cordel ordinary shares at a price of 6.9655 pence per share. Following this transaction, Mr. Buddery's resultant holding is 9,831,626 shares, representing 4.53% of the Company's voting rights. The aggregate holding of the Concert Party is 76,431,625 Ordinary Shares, representing approximately 35.23% of Cordel Group PLC's issued share capital.
| Date | 19 Jun 2025 |
| Time | 14:26:45 |
| Category | Director/PDMR dealings |
| ID | 6304N |
19 June 2025
Cordel Group plc
("Cordel" or the "Company" or the "Group")
Purchase of Shares by Chairman
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces that, on 18 June 2025, Ian Buddery, Chairman, purchased on-market 358,150 Cordel ordinary shares of £0.01 each ("Ordinary Shares") at a price of 6.9655 pence per Ordinary Share, as detailed below:
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Director |
Shares acquired |
Resultant holding |
Percentage of the Company's voting rights |
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Ian Buddery |
358,150 |
9,831,626 |
4.53% |
As a result of this purchase, the aggregate holding of the Concert Party (as described in the Company's circular dated 15 October 2019) is 76,431,625 Ordinary Shares, representing approximately 35.23% of the Company's issued share capital.
Enquiries:
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Cordel Group PLC |
c/o Strand Hanson |
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Ian Buddery, Chairman John Davis, Chief Executive Officer |
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Cavendish Capital Markets Limited, Broker |
+44 (0)20 7220 0500 |
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Marc Milmo (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 |
Ian Buddery |
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2 |
Reason for the notification |
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a) |
Position/status |
Chairman |
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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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6.9655p |
358,150 |
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d) |
Aggregated information |
N/a - single transaction |
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e) |
Date of the transaction |
18 June 2025 |
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f) |
Place of the transaction |
London Stock Exchange |
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