Cordel Group Regulatory News (CRDL)

11 March 2024

Cordel Group PLC

("Cordel" or the "Company" or the "Group")

Cordel CFO Sabbatical

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces that the Group's Chief Financial Officer (CFO), Ms. Thouraya Walker is taking a sabbatical for up to 6 months.

Ms. Walker is taking the sabbatical for personal reasons, which the board very much supports. She will remain on the Board as an executive director without portfolio and will attend Board meetings throughout her sabbatical.

The Company has secured the services of a suitably qualified and experienced interim CFO, Ms. Natasha Dinneen, who is a former KPMG auditor and has held senior finance roles with early-stage technology companies in the UK. She is a member of the Institute of Chartered Accountants England and Wales and will report to the CEO on a day-to-day basis, feeding up to the Board and Audit Committee wherever appropriate.

Following a two-week handover process, this temporary change in roles and responsibilities is effective immediately and will be in place for up to 6 months.

John Davis, CEO of Cordel, commented:

"We take care of our valued team members at Cordel and always endeavor to accommodate their needs, whilst ensuring that their responsibilities are covered. We are delighted to have Natasha stepping in and are very confident in her experience and capability."

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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