29 January 2025
Journeo plc
("Journeo", or the
"Company")
Issue of Equity
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 18,750 new ordinary shares of 6.5p each
("Ordinary Shares")
pursuant to the exercise of options by an employee under the
Company's 2014 EMI Scheme at an exercise price of 104p per
share.
Application has been made for 18,750 new
Ordinary Shares to be admitted to trading on AIM ("Admission") and
it is expected that Admission will occur on 31 January 2025.
Following Admission, the Company will have 16,970,428 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 16,970,428. 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.
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
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+44 (0) 203 651 9166
|
|
Cavendish Capital Markets
Limited - Nominated Adviser and
Broker
Katy Birkin/ Callum Davidson
|
+44 (0) 207 220 0500
|
|
|
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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.
