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Journeo PLC (JNEO)

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Thursday 02 April, 2020

Journeo PLC

Grant of Options and Director/PDMR Shareholding

RNS Number : 5976I
Journeo PLC
02 April 2020
 

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.

- Ends  -

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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