Last checked at 13 Jan 2023 11:53
13 January 2023
Journeo plc
("Journeo" or "the Group")
Result of General Meeting
Journeo plc (AIM: JNEO), the information systems and transport technical services group, announces that at the General Meeting held earlier today, all resolutions were duly passed.
The total votes were cast as follows:
Resolution | For | % | Against | % |
1 (Ordinary) | 3,304,698 | 99.94 | 1,820 | 0.06 |
2 (Special) | 3,301,438 | 99.85 | 5,080 | 0.15 |
As announced on 5 January 2023, a total of 6,999,999 new Ordinary Shares (comprising 6,142,860 Placing Shares, 523,806 Subscription Shares and 333,333 Retail Offer Shares) will be admitted to trading on AIM, with admission expected to take place at 8.00 a.m. on 16 January 2023 ("First Admission").
Completion of the Acquisition is expected to occur on 18 January 2023. Application has been made for the 476,190 Consideration Shares to be admitted to trading on AIM, with admission expected to take place at 8.00 a.m. on 18 January 2023 ("Second Admission").
Following Second Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 16,217,439 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 is expected to be 16,217,439. The above figure may be used by Shareholders in the Company 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.
Capitalised terms used but not defined in this announcement have the same meanings as set out in the circular to Shareholders dated 22 December 2022.
For further information, please contact:
Journeo plc Russ Singleton/ Nick Lowe
| +44 (0) 203 651 9166 |
Cenkos Securities - Nominated Adviser and Broker Katy Birkin/Callum Davidson | +44 (0) 207 397 8900 |
Notes to editors:
Journeo plc is a leading information systems and technical services business focussed on public transport and related infrastructure within towns, cities, airports, and local authorities. The Company works extensively with local government departments, combined authorities, and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable smarter-cities future.
The business currently comprises two segments:
· Fleet operator solutions: 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.
· Passenger transport infrastructure solutions: 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.
In the last 4 years, the Company has invested over £5 million in research and development, enabling it to design and supply powerful new 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.