Business
Issue of Options to PDMR's
Issue of Options to PDMR's.
About this update from Cordel Group Plc
[{"type":"text","content":"\n \n \n 3 April 2023\n \n \n Cordel Group PLC\n \n \n (\"Cordel\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Issue of Options to PDMR's\n \n \n \n \n \n \n \n \n Cordel Group PLC (AIM: CRDL),\n the Artificial Intelligence platform for transport corridor analytics,\n announces the grant of options to John Davis, Interim CEO, and\n to Michael Turner, Chief Revenue Officer,\n under the Company's Enterprise Management Incentive (\"EMI\") plan, as detailed below:\n \n \n \n \n \n \n \n \n \n \n \n \n Date of grant\n \n \n \n \n Name\n \n \n \n \n Position\n \n \n \n \n Options\n \n \n \n \n Exercise price*\n \n \n \n \n Vesting period\n \n \n \n \n \n \n 03.04.23\n \n \n \n \n John Davis\n \n \n \n \n Interim CEO\n \n \n \n \n 250,000\n \n \n \n \n 6.25p\n \n \n \n \n Ratably over 4 years, commencing 03.04.23\n \n \n \n \n \n \n 03.04.23\n \n \n \n \n Michael Turner\n \n \n \n \n Chief Revenue Officer (PDMR)\n \n \n \n \n 170,000\n \n \n \n \n 6.25p\n \n \n \n \n Ratably over 4 years, commencing 03.04.23\n \n \n \n \n \n \n \n \n \n \n \n \n \n * Cordel closing price on day prior to grant\n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n \n Cordel Group PLC\n \n \n \n \n c/o Zeus\n \n \n \n \n \n \n Ian Buddery, Chairman\n \n \n John Davis, Interim Chief Executive Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Zeus Capital Limited Broker\n \n \n \n \n +44 (0)20 3829 5000\n \n \n \n \n \n \n Simon Johnson / Alexandra Campbell-Harris\n \n \n Strand Hanson Limited Nominated Advisor\n \n \n Richard Johnson / James Bellman\n \n \n \n \n \n \n \n \n \n \n \n \n \n +44 (0)20\n 7409 3494\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About Cordel\n \n \n Cordel produces specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.\n \n \n Further information on the Company is available at:\n \n \n www.cordel.ai\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PDMR Notification Form:\n \n \n \n The notification below is made in accordance with the requirements of the Market Abuse Regulation:\n \n ...