|
Johnson Service Group PLC on Wednesday said it plans to transfer its listing to the Main Market of the London Stock Exchange from AIM and expand its ongoing share buyback programme, which now totals £30 million. The Cheshire, England-based textile services provider said it wants to complete the change in trading venue by early August. The company’s shares have been traded on AIM since 2008. Johnson Service said the move follows consultation with ‘its largest shareholders’ and aims to increase liquidity, broaden the investor base, and raise the company’s corporate profile. The company stressed that it will not raise new capital or issue shares in connection with the transfer from AIM. As part of a planned capital return strategy, Johnson Service also said it is extending its share buyback programme by £15 million, having already repurchased £10.4 million worth of shares since March. The buyback now totals £30 million and will run until no later than December 31. The programme will remain active following the company’s Main Market admission. Johnson Service shares were down 3.0% at 144.20 pence in London on Wednesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
