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.
For further information, please
contact:
|
Journeo plc
Russ Singleton/ Nick Lowe
|
+44 (0) 203 651 9166
|
|
Cavendish Capital Markets
Limited - Nominated Adviser and
Broker
Katy Birkin/ Callum Davidson
|
+44 (0) 207 220 0500
|
|
|
|
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
|
