Business
Cordel Group plc - OPD
Cordel Group plc has disclosed its public opening position as the offeree in relation to its own relevant securities as of May 13, 2026. The company reported nil interests and nil short positions in its ordinary shares, and no rights to subscribe for new securities. However, directors and members of the company's IPO Concert Party hold significant interests in ordinary shares, with directors collectively holding 38,772,861 ordinary shares representing 17.87% of the total issued capital, and the IPO Concert Party holding a total of 76,781,625 ordinary shares, equating to 35.39%. Additionally, several directors and IPO Concert Party members hold various employee share options with different vesting schedules and exercise prices. Disclaimer*
About this update from Cordel Group Plc
FORM 8 (OPD) PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER Rules 8.1 and 8.2 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: Cordel Group plc (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Cordel Group plc (d) Is the discloser the offeror or the offeree? OFFEREE (e) Date position held: The latest practicable date prior to the disclosure 13 May 2026 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" N/A 2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates Class of relevant security: Ordinary Shares of 1p each ("Ordinary Shares") Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: Nil Nil Nil Nil (2) Cash-settled derivatives: Nil Nil Nil Nil (3) Stock-settled derivatives (including options) and agreements to purchase/sell: Nil Nil Nil Nil TOTAL: Nil Nil Nil Nil All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). Details of any securities borrowing and lending positions or financial collateral arr...