Journeo PLC Trading Update and Loan Note extension (4564I)
14 Diciembre 2020 - 1:00AM
UK Regulatory
TIDMJNEO
RNS Number : 4564I
Journeo PLC
14 December 2020
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
14 December 2020
Journeo plc
("Journeo" or "the Company")
Trading update and loan note extension
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased to provide the following
update.
Trading update
The Company has continued to perform well in the second half of
the year.
Trading is expected to be ahead of the first half and meet
market expectations for the full-year ending December 31(st) .
Loan Notes
The Company has GBP0.3m of loan notes originally issued and
announced on 8 December 2016 (the "Loan Notes"). The Loan Notes had
an initial maturity date of 31 December 2019 before it was extended
to 31 March 2021, as announced on 24 December 2018. The Company
today announces that it has agreed to further extend the maturity
date of the Loan Notes such that they will now be repayable on 31
March 2022. All other terms of these Loan Notes remain
unchanged.
Russ Singleton, CEO of Journeo plc, said:
"The company is performing well with an improved second half,
strong order book and growing pipeline of sales opportunities based
upon software and services for FY21 and beyond".
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
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 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 can offer flexible and scalable
products and services that can integrate with existing technology
while preparing for future advancements.
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END
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December 14, 2020 02:00 ET (07:00 GMT)
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