お知らせ • May 15
Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £26.9 million. Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £26.9 million on May 13, 2026. A cash consideration valued at £0.124 per share will be paid by Vossloh AG. As part of consideration, £26.9 million is paid towards common equity of Cordel Group Plc. The cash consideration payable by Vossloh under the terms of the acquisition will be funded from existing cash resources.
The transaction is subject to subject to court approval, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and third party approval needed. The Cordel directors intend unanimously to recommend that Cordel shareholders vote in favour of the scheme at the court meeting and the resolutions to be proposed at the general Meeting. The expected completion of the transaction is July 1, 2026 to September 30, 2026.
James Dance and Richard Johnson of Strand Hanson Limited acted as financial advisor for Cordel Group Plc. Sam Cann and Lara Ashmore of Peel Hunt LLP acted as financial advisor for Vossloh AG. Freshfields LLP acted as legal advisor for Vossloh AG. Bird & Bird LLP acted as legal advisor for Cordel Group Plc. Lazard & Co. GmbH acted as financial advisor to Vossloh AG. お知らせ • May 14
Cordel Intends to Apply to the London Stock Exchange for the Cancellation of Trading of the Shares on AIM Cordel Group PLC and Vossloh AG have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued share capital of Cordel Group PLC will be acquired by Vossloh AG via its wholly-owned subsidiary Vossloh Digital Solutions GmbH. It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Cordel Shares are currently admitted to trading on AIM. It is intended that an application will be made to the London Stock Exchange for the cancellation of trading of the Cordel Shares on AIM, to take effect shortly after the Effective Date. The last day for dealings in, and registration of transfers of, Cordel Shares on AIM of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers shall be registered after 6.00 p.m. (London time) on that date. On the Effective Date, share certificates in respect of Cordel Shares will cease to be valid and entitlements to Cordel Shares held within the CREST system will be cancelled. Cordel Shareholders shall be required to return share certificates to Cordel or destroy them following the Effective Date. It is also intended that, following the Scheme becoming effective, Cordel will be re-registered as a private company under the relevant provisions of the Companies Act. お知らせ • Mar 23
Cordel Group PLC Announces Cordel Connect V3 Release Cordel Group PLC announced the major V3 upgrade of its flagship Cordel Connect platform. The V3 release marks a significant evolution of Cordel's multi-modal AI engine. By simultaneously processing video and 3D point cloud data, the platform now automatically detects, classifies, and measures a wider range of trackside assets. This expansion beyond Positive Train Control (PTC) significantly increases Cordel's total addressable market within the global rail sector. To support Cordel's autonomous sensors, which now capture 350,000 km of data annually, V3 introduces Starlink satellite backhaul. This allows for the daily transfer of up to 100 GB of inspection data from remote corridors, bypassing the limitations of local mobile networks and ensuring rapid capture-to-insight turnaround times globally. V3 Key Enhancements: Network-Wide Discovery: Instant data access aligned to specific client network models. Data Management: Advanced AI tools paired with robust human in the loop assurance. On-platform visualisation and reporting: Eliminating the need to move data to separate tools. GIS integration: Results published automatically to customers' Geographical Information Systems. New Risk • Feb 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (UK£9.87m market cap, or US$13.3m). Reported Earnings • Jan 29
First half 2026 earnings released: UK£0.005 loss per share (vs UK£0.001 loss in 1H 2025) First half 2026 results: UK£0.005 loss per share (further deteriorated from UK£0.001 loss in 1H 2025). Revenue: UK£1.72m (down 24% from 1H 2025). Net loss: UK£1.00m (loss widened 296% from 1H 2025). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. お知らせ • Jan 06
Cordel Group plc Appoints Jeffrey Mark Songer as Non-Executive Director, Effective January 6, 2026 Cordel Group PLC announced the appointment of Mr. Jeffrey Mark Songer to the Board as a Non-executive Director, with immediate effect on January 6, 2026. Mr. Songer, Aged 56, is an established senior USA rail industry executive with over 30 years of experience in operations, engineering and finance. Most recently, he led the merger and integration activities for the Kansas City Southern Railway, acquired by the Canadian Pacific Railway for $31 billion in April 2023. Current Directorships: Songer Rail Consulting, LLC and The Greenbrier Companies Inc. Past Directorships within last 5 years: Panama Canal Railway, Make-A-Wish Charitable Foundation Missouri and Kansas, Transportation Technology Center Inc., Kansas City Southern Railway Co, Gateway Eastern Railway Co, PABTEX INC and Panarail Tourism Company. 
