REG - Journeo PLC - Issue of Equity and PDMR Dealings

JourneoAnnouncement

23/01/2025 07:00

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RNS Number : 3595U  Journeo PLC  23 January 2025

23 January 2025

Journeo plc

("Journeo", or the "Company")

 

Issue of Equity and PDMR Dealings

Journeo plc (AIM: JNEO), a leading provider of information systems and
technical services to transport operators and local authorities announces the
issuance of a total of 477,187 new ordinary shares of 6.5p each ("Ordinary
Shares") pursuant to the exercise of options by certain employees and PDMRs,
as well as other PDMR dealings.

Pursuant to the Company's 2020 EMI scheme, options have been exercised over
153,334 new Ordinary Shares by certain employees at an exercise price of 50p
per share, including 50,000 by Nick Lowe, Chief Financial Officer, who has
undertaken a partial exercise of his total EMI options held. Nick subsequently
sold 50,000 Ordinary Shares at 272p per share.

Furthermore, Russ Singleton, Chief Executive Officer, has exercised a put
option granted to him under the Company's Employee Shareholder plan (the
"Plan"), further details of which were announced by the Company on 28 November
2014 and was approved by shareholders on 17 December 2014. The Plan entitled
Russ to an award of value, either in cash or shares, subject to the
achievement of a minimum share price at the time of exercise. With the
relevant share price hurdle having been met, the board has determined at its
discretion that the award due to Russ following this exercise shall be
satisfied through the issue of 323,853 new Ordinary Shares. The Company
announces that following this exercise, Russ subsequently sold 166,666
Ordinary Shares at a price of 272p per share. Following these transactions,
Russ's beneficial interest has increased to 622,572 Ordinary Shares,
representing approximately 3.67 per cent. of the Company's enlarged issued
share capital.

Application has been made for 477,187 new Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will occur on
29 January 2025. Following Admission, the Company will have 16,951,678
Ordinary Shares in issue. The Company holds no shares in treasury.
Accordingly, the total number of voting rights in the Company following
Admission will be 16,951,678. This figure should be used by Shareholders as
the denominator for calculations by which they can determine if they are
required to notify their interest in, or a change to their interest in,
Ordinary Shares under the FCA's Disclosure Guidance and Transparency Rules.

Further details are set out below in accordance with the UK Market Abuse
Regulation.

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
 Cavendish Capital Markets Limited - Nominated Adviser and Broker  +44 (0) 207 220 0500

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 has five operating companies:

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

·    Journeo AS (based in Aarhus, Denmark): full-service provider of
Intelligent Transport Systems ("ITS") with customers in Denmark, Sweden and
Iceland.

·    Journeo AB (based in Stockholm, Sweden): technical services provider
to public transport customers in Sweden.

In the last 4 years, the Company has invested over £6 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.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Russ Singleton
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Journeo plc
 b)  LEI                                                          213800TKF7L4IEV9W867
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6.5 pence each
     Identification code                                          GB00BKP51V79
 b)  Nature of the transaction                                    Exercise of put option
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     Nil                                                                                       323,853
 d)  Aggregated information
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      22 January 2025
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Russ Singleton
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Journeo plc
 b)  LEI                                                          213800TKF7L4IEV9W867
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6.5 pence each
     Identification code                                          GB00BKP51V79
 b)  Nature of the transaction                                    Sale of shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     272p per share                                                                            166,666
 d)  Aggregated information
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      22 January 2025
 f)  Place of the transaction                                     AIMX

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Nick Lowe
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Journeo plc
 b)  LEI                                                          213800TKF7L4IEV9W867
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6.5 pence each
     Identification code                                          GB00BKP51V79
 b)  Nature of the transaction                                    Exercise of EMI options
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     Exercise price of 50p per share                                                           50,000
 d)  Aggregated information
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      22 January 2025
 f)  Place of the transaction                                     Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Nick Lowe
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Journeo plc
 b)  LEI                                                          213800TKF7L4IEV9W867
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 6.5 pence each
     Identification code                                          GB00BKP51V79
 b)  Nature of the transaction                                    Sale of shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     272p per share                                                                            50,000
 d)  Aggregated information
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      22 January 2025
 f)  Place of the transaction                                     AIMX

 

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