REG - Journeo PLC - Result of General Meeting

JourneoAnnouncement

13/01/2023 12:00

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RNS Number : 7067M  Journeo PLC  13 January 2023

13 January 2023

 

Journeo plc

("Journeo" or "the Group")

 

Result of General Meeting

 

Journeo plc (AIM: JNEO), the information systems and transport technical
services group, announces that at the General Meeting held earlier today, all
resolutions were duly passed.

 

The total votes were cast as follows:

 

 Resolution    For        %      Against  %
 1 (Ordinary)  3,304,698  99.94  1,820    0.06
 2 (Special)   3,301,438  99.85  5,080    0.15

 

As announced on 5 January 2023, a total of 6,999,999 new Ordinary Shares
(comprising 6,142,860 Placing Shares, 523,806 Subscription Shares and 333,333
Retail Offer Shares) will be admitted to trading on AIM, with admission
expected to take place at 8.00 a.m. on 16 January 2023 ("First Admission").

 

Completion of the Acquisition is expected to occur on 18 January 2023.
Application has been made for the 476,190 Consideration Shares to be admitted
to trading on AIM, with admission expected to take place at 8.00 a.m. on 18
January 2023 ("Second Admission").

 

Following Second Admission, the total number of Ordinary Shares in the capital
of the Company in issue will be 16,217,439 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 is expected to be
16,217,439. The above figure may be used by Shareholders in the Company 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.

 

Capitalised terms used but not defined in this announcement have the same
meanings as set out in the circular to Shareholders dated 22 December 2022.

 

 

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 information systems and technical services business
focussed on public transport and related infrastructure within towns, cities,
airports, and local authorities. The Company works extensively with local
government departments, combined authorities, and many of the largest
multinational transport operators, supporting them as systems converge towards
a more efficient and sustainable smarter-cities future.

 

The business currently comprises two segments:

 

·    Fleet operator solutions: 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.

·    Passenger transport infrastructure solutions: 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.

 

In the last 4 years, the Company has invested over £5 million in research and
development, enabling it to design and supply powerful new 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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