REG - Journeo PLC - Issue of Equity & PDMR Dealing

JourneoAnnouncement

09/10/2023 10:30

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RNS Number : 4215P  Journeo PLC  09 October 2023

9 October 2023

Journeo plc

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

 

Issue of Equity & PDMR Dealing

 

Journeo plc (AIM: JNEO), a leading provider of information systems and
technical services to transport operators and local authorities, announces the
issuance of 240,385 new ordinary shares of 6.5p each in the Company ("Ordinary
Shares") pursuant to the exercise of options by Russ Singleton, Chief
Executive Officer. The options were exercised at a price of 104p per share and
were due to expire on 10 October 2023. Mr Singleton has sold 175,000 Ordinary
Shares at a price of 210.37p per share, in part to cover the exercise price.
Following these transactions, Mr Singleton holds a total of 465,385 Ordinary
Shares, representing approximately 2.83% of the Company's enlarged issued
share capital.

Application has been made to the London Stock Exchange for 240,385 new
Ordinary Shares to be admitted to trading on AIM ("Admission"). The Ordinary
Shares will rank pari passu with the Company's existing Ordinary Shares and it
is expected that Admission will become effective at 8.00 a.m. on 10 October
2023.

Following Admission, the Company's issued share capital will consist of
16,457,824 Ordinary Shares with each Ordinary Share carrying the right to one
vote. There are no Ordinary Shares held in treasury and therefore, the total
number of voting rights in the Company following Admission will be 16,457,824.
Shareholders may use this figure as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 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 options over Ordinary Shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     Exercise price of £1.04 per share                                                         240,385
 d)  Aggregated information
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      9 October 2023
 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 ordinary shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
     £2.1037 per share                                                                         175,000
 d)  Aggregated information
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      9 October 2023
 f)  Place of the transaction                                     AIM

 

 

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 Securities plc - 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.

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

·    21st Century AB (based in Stockholm, Sweden): technical services
provider to public transport customers in Sweden.

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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