Last checked at 2 Apr 2020 12:07
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").
2 April 2020
Journeo plc
("Journeo" or "the Group" or "the Company")
Grant of Options and Director dealing
Journeo plc (AIM: JNEO), the information systems and transport technical services group, announces that it has launched an EMI Scheme for employees and, in connection therewith, has made an award of options to all eligible employees.
In aggregate, the award of options is over 725,000 new ordinary shares of 6.5p each and includes an award of 180,000 options to Nick Lowe (Chief Financial Officer). The options have an exercise price of 50 pence and will vest after 1 year providing vesting conditions are met.
The table beneath the 'Enquiries' section below provide further details in accordance with the requirements of the EU Market Abuse Regulation.
A digital copy of this announcement will be available on the Groups' website: www.journeo.com.
For further information, please contact:
Journeo plc Russ Singleton/ Nick Lowe | +44 (0) 844 871 7990 |
WH Ireland - Nominated Adviser and Broker Mike Coe/ Chris Savidge | +44 (0) 117 945 3470 |
Communications Portfolio Ariane Comstive | +44 (0) 7785 922 354
|
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nick Lowe | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director - 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 6.5p each | |||
Identification code | GB00BKP51V79 | ||||
b)
| Nature of the transaction
| Grant of options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares | 50p | 180,000 | |||
d)
| Aggregated information | Purchase of shares | |||
- Aggregated volume | 180,000 | ||||
- Price | £90,000 | ||||
e)
| Date of the transaction
| 02/04/2020 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
Notes to editors:
Journeo plc, formerly 21st Century Technology plc, is the specialist provider of advanced information systems and transit related technical services to towns, cities, and local authorities. The Company works with many of the UK's largest multinational public transport operators, supporting them towards the creation of smarter-cities.
The business comprises two segments:
· Fleet Systems solutions, including CCTV video surveillance to improve passenger & driver safety, vehicle and driver performance monitoring, real-time on-board IT subsystems management and automatic passenger counting; and
· Passenger Systems solutions, including design, manufacture, installation and management of all the hardware and software for electronic passenger information systems, smart-ticketing and wayfinding.
In the last few years, the Company has invested heavily in research and development, enabling it to design and supply the very best solutions in order to meet 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 and scalable products and services that can integrate with existing technology while preparing for future advancements.
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