TIDMJNEO
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 Ordinary shares of 6.5 pence
instrument, type of instrument 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 GBP1.04 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 Ordinary shares of 6.5 pence
instrument, type of instrument each
--------------------------------------- --------------------------------
Identification code GB00BKP51V79
--------------------------------------- --------------------------------
b) Nature of the transaction Sale of ordinary shares
--------------------------------------- --------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--------------------------------------- ------------------- -----------
GBP2.1037 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 .
For further information, please contact:
Journeo plc +44 (0) 203 651
Russ Singleton/ Nick Lowe 9166
Cavendish Securities plc - Nominated Adviser
and Broker +44 (0) 207 220
Katy Birkin/ Callum Davidson 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.
-- 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 GBP5 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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END
IOEUKUKROVURRRA
(END) Dow Jones Newswires
October 09, 2023 05:27 ET (09:27 GMT)
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