Issue of Equity

Journeo PLC

11 October 2023

 

11 ​October 2023

Journeo plc

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

Exercise of Options

Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities, announces the issuance of 16,667 new ordinary shares of 6.5p each in the Company ("Ordinary Shares") pursuant to an exercise of options by an employee.

Application has been made to the London Stock Exchange for 16,667 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 13 October 2023.

Following Admission, the Company's issued share capital will consist of 16,474,491 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 16,474,491. 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.

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	[phone]
Cavendish Securities plc - Nominated Adviser and Broker Katy Birkin/ Callum Davidson	[phone]

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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