Johnson Service ( (GB:JSG) ) has issued an announcement.
Johnson Service Group PLC has announced the commencement of a share buyback programme, intending to return up to £30 million to shareholders over the next 12 months. The initial tranche of £15 million will begin immediately, reflecting the company’s strong cash generation and disciplined capital allocation strategy. This move is expected to reduce the share capital and maintain financial stability, aligning with the company’s growth and investment policies.
More about Johnson Service
Johnson Service Group PLC operates in the textile services industry, providing a range of services including linen and workwear rental. The company focuses on delivering sustainable growth while maintaining a strong balance sheet.
YTD Price Performance: -3.39%
Average Trading Volume: 637,874
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £543.6M
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