Source - LSE Regulatory
RNS Number : 5925T
Journeo PLC
21 March 2023
 

21 March 2023

Journeo plc

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

 

Appointment of Independent Non-executive Director

 

Journeo plc (AIM: JNEO), a leading supplier of information systems, software and services to transport operators and local authorities is pleased to announce the appointment of Barnaby (Barney) Kent as an independent non-executive director, with immediate effect.

 

Prior to its $1.3 billion acquisition by a London-based private equity firm in 2022, Barney Kent spent nearly a decade at Ideagen plc, a software company supplying regulatory, compliance and collaboration solutions to over 10,000 organisations around the world. In his role as COO, Barney led Ideagen to unprecedented growth and financial delivery. Barney has more than 20 years' experience within the technology sector and was previously CEO of Plumtree Group prior to joining Ideagen. Barney is a non-executive director of Sopheon plc, an AIM quoted software company. He has a BSc (Hons) from the University of Southampton and an MBA from Edinburgh Business School.

 

Mark Elliott, Non-Executive Chairman of Journeo, commented: "The growth in shareholder value achieved by Barney while COO at Ideagen was truly exceptional and he brings with him extensive experience in successfully managing growth both through acquisition and organically. We are very pleased to welcome Barney to the board at an exciting time in Journeo's development and look forward to the valuable input he will be able to make as we progress our growth strategy."

Barnaby Kent commented: "Joining the Journeo Board is a great opportunity to assist an exciting and growing organisation, which has already demonstrated strong organic growth coupled with targeted acquisitions. The trajectory seems clear and I look forward to using my experience and skills to add sustainable shareholder value over the medium term."

In addition to his appointment to the Journeo Board, Barnaby Luke Kent, aged 46, has held the following directorships and/or partnerships in the past five years:

 

Current Directorships/Partnerships

Past Directorships/Partnerships

Bricklayers Arms Ltd

Equals Trust Ltd

Kempson Rose LLP

Plumtree Consultants Limited

Sopheon PLC

 

Ideagen Limited

Ideagen Gael Limited

Ideagen Optima Diagnostics Limited

Ideagen Redland Business Solutions Limited

Ideagen Software Limited

Ideagen Technology Limited

Ideagen Workrite Limited

Qualsys Limited

Scannell Solutions Limited

 

Mr Kent does not hold any ordinary shares in the Company and there are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM 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

 +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 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 currently has three operating companies:

·    Journeo Fleet Systems Ltd: 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 Ltd: 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 Ltd: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.

 

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.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAJMMMTMTTTTTJ
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Journeo PLC (JNEO)

-2.50p (-0.86%)
delayed 16:57PM