Option Exercise, Issue of Equity & PDMR Dealings
Journeo PLC announced the issuance of 398,999 new ordinary shares of 6.5p each following the exercise of options by employees and a PDMR. Options were exercised at prices of 105p and 50p per share. A PDMR, Nick Lowe, exercised options over 100,000 shares at 50p and then sold these 100,000 shares at 450p each. Russ Singleton, CEO, sold 217,742 ordinary shares at 450p per share. Application has been made for the new shares to be admitted to trading on AIM, expected on 22 October 2025, bringing the total number of ordinary shares in issue to 17,624,793.
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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 398,999 new ordinary shares of 6.5p each ("Ordinary Shares") pursuant to the exercise of options by certain employees and PDMRs, as well as other PDMR dealings.
Pursuant to the Company's EMI scheme, options have been exercised over a total of 398,999 new Ordinary Shares by certain employees and a PDMR, Nick Lowe, at varying exercise prices of 105p and 50p per share. Nick Lowe, Chief Financial Officer, has undertaken a partial exercise of 100,000 of his total EMI options held and subsequently sold 100,000 Ordinary Shares at 450p per share. Following these transactions, Nick retains his current shareholding of 53,500 Ordinary Shares, 30,000 EMI options, as well as outstanding options over an additional 45,000 Ordinary Shares.
Furthermore, Russ Singleton, Chief Executive Officer, has sold 217,742 Ordinary Shares at a price of 450p per share. Following these transactions, Russ holds 404,830 Ordinary Shares, and total options over 70,000 Ordinary Shares.
Application has been made for 398,999 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on 22 October 2025. Following Admission, the Company will have 17,624,793 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 17,624,793. 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.
Further details are set out below in accordance with the UK Market Abuse Regulation.
A digital copy of this announcement is available on the Group's website: www.journeo.com
| a) | Name | Russ Singleton | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Journeo plc | |
| b) | LEI | 213800TKF7L4IEV9W867 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 6.5 pence each | |
| Identification code | GB00BKP51V79 | ||
| b) | Nature of the transaction | Sale of shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| 450p per share | 217,742 | ||
| d) | Aggregated information | ||
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 15 October 2025 | |
| f) | Place of the transaction | AIMX | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Nick Lowe | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Journeo plc | |
| b) | LEI | 213800TKF7L4IEV9W867 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 6.5 pence each | |
| Identification code | GB00BKP51V79 | ||
| b) | Nature of the transaction | Exercise of EMI options | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| Exercise price of 50p per share | 100,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 15 October 2025 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Nick Lowe | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Journeo plc | |
| b) | LEI | 213800TKF7L4IEV9W867 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 6.5 pence each | |
| Identification code | GB00BKP51V79 | ||
| b) | Nature of the transaction | Sale of shares | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| 450p | 100,000 | ||
| d) | Aggregated information | ||
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | 15 October 2025 | |
| f) | Place of the transaction | AIMX |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.