REG - Journeo PLC - Appointment of Independent Non-executive Director

JourneoAnnouncement

21/03/2023 07:00

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RNS Number : 5925T  Journeo PLC  21 March 2023

21 March 2023

Journeo plc

("Journeo, "Company" or "the Group")

 

Appointment of Independent Non-executive Director

 

Journeo plc (AIM: JNEO), a leading supplier of information systems, software
and services to transport operators and local authorities is pleased to
announce the appointment of Barnaby (Barney) Kent as an independent
non-executive director, with immediate effect.

 

Prior to its $1.3 billion acquisition by a London-based private equity firm in
2022, Barney Kent spent nearly a decade at Ideagen plc, a software company
supplying regulatory, compliance and collaboration solutions to over 10,000
organisations around the world. In his role as COO, Barney led Ideagen to
unprecedented growth and financial delivery. Barney has more than 20 years'
experience within the technology sector and was previously CEO of Plumtree
Group prior to joining Ideagen. Barney is a non-executive director of Sopheon
plc, an AIM quoted software company. He has a BSc (Hons) from the University
of Southampton and an MBA from Edinburgh Business School.

 

Mark Elliott, Non-Executive Chairman of Journeo, commented: "The growth in
shareholder value achieved by Barney while COO at Ideagen was truly
exceptional and he brings with him extensive experience in successfully
managing growth both through acquisition and organically. We are very pleased
to welcome Barney to the board at an exciting time in Journeo's development
and look forward to the valuable input he will be able to make as we progress
our growth strategy."

Barnaby Kent commented: "Joining the Journeo Board is a great opportunity to
assist an exciting and growing organisation, which has already demonstrated
strong organic growth coupled with targeted acquisitions. The trajectory seems
clear and I look forward to using my experience and skills to add sustainable
shareholder value over the medium term."

In addition to his appointment to the Journeo Board, Barnaby Luke Kent, aged
46, has held the following directorships and/or partnerships in the past five
years:

 

 Current Directorships/Partnerships  Past Directorships/Partnerships
 Bricklayers Arms Ltd                Ideagen Limited

 Equals Trust Ltd                    Ideagen Gael Limited

 Kempson Rose LLP                    Ideagen Optima Diagnostics Limited

 Plumtree Consultants Limited        Ideagen Redland Business Solutions Limited

 Sopheon PLC                         Ideagen Software Limited

                                     Ideagen Technology Limited

                                     Ideagen Workrite Limited

                                     Qualsys Limited

                                     Scannell Solutions Limited

 

Mr Kent does not hold any ordinary shares in the Company and there are no
further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM
Rules.

 

A digital copy of this announcement will be available on the Group's website:
www.journeo.com (http://www.journeo.com) .

 

For further information, please contact:

 

 Journeo plc                                          +44 (0) 203 651 9166

 Russ Singleton/ Nick Lowe

 Cenkos Securities - Nominated Adviser and Broker     +44 (0) 207 397 8900

 Katy Birkin/ Callum Davidson

Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering
solutions in towns, cities, airports and the public transport networks that
connect them. The Company works extensively with local and combined
authorities, Network Rail and many of the largest multinational transport
operators, supporting them as systems converge towards a more efficient and
sustainable future.

 

The business currently has three operating companies:

·    Journeo Fleet Systems Ltd: CCTV video surveillance to improve
passenger & driver safety, telematics for vehicle and driver performance
monitoring, real-time communications for remote condition monitoring and
automatic passenger counting.

·    Journeo Passenger Systems Ltd: design, manufacture, installation, and
management of hardware and software for electronic public transport
information systems, in and around towns, cities, ferry terminals and airports
which includes smart-ticketing and wayfinding.

·    Infotec Ltd: design, advanced manufacture, installation and software
management of information displays hardware for rail applications in stations,
on-platform and on-vehicle.

 

In the last 4 years, the Company has invested over £5 million in research and
development, enabling it to design and supply powerful innovative solutions
for customers' complex requirements and the demands of modern public
transport. With an Internet of Things ("IoT") approach and open standards,
together with field-proven and reliable engineering, Journeo is able to offer
flexible, scalable products and services that can integrate with existing
technology while preparing for future advancements.

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