REG - Johnson Service Grp. - Commencement of Share Buyback Programme

Johnson ServiceAnnouncement

Tue 07:45

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RNS Number : 6243X  Johnson Service Group PLC  02 September 2025

2 September 2025

Johnson Service Group PLC

(the 'Company' or the 'Group')

Commencement of Share Buyback Programme

On 2 September 2025, in its Interim Results for the Six Months ended 30 June
2025 (the 'Interim Results'), the Company announced that, following completion
of the Company's £30.0 million share buyback programme announced in March
2025, a further share buyback programme is planned and that it is the
Company's intention, based on currently available resources, to return up
to £25.0 million to Shareholders over the period to March 2026 (the
'Buyback Programme').

The Company announces that, pursuant to the Buyback Programme, it has today
entered into a non-discretionary instruction with Investec Bank plc to
purchase up to £25.0 million (excluding expenses) of the Company's Ordinary
Shares of 10 pence each (the 'Shares') and to make trading decisions under the
Buyback Programme independently of the Company in accordance with certain
pre-set parameters. The Buyback Programme will commence today and end no later
than 2 March 2026.

The Company employs a disciplined approach to investment, returns and capital
efficiency to deliver sustainable compounding growth whilst also maintaining a
strong balance sheet. Having taken into consideration recent investments,
acquisitions and the buybacks, the Group has significant headroom under its
committed facilities. Accordingly, the Board considers the Buyback Programme
is prudent, reflects the cash generative ability of the Group and maintains a
strong balance sheet consistent with its capital allocation policy.

The Board will further actively review its options once this programme is
completed and in light of the Group's capital allocation needs.

The purpose of the Buyback Programme is to reduce the share capital of the
Company. As such, the Company will cancel any Shares purchased.

Any acquisitions of Shares will be carried out within certain pre-set
parameters and in accordance with the Company's existing general authority to
repurchase Shares. The Buyback Programme will be conducted within the
parameters prescribed by the Market Abuse Regulation (596/2014) (as in force
in the UK and as amended by the Market Abuse (Amendment) (EU Exit) Regulations
2019), the Commission Delegated Regulation (EU) 2016/1052 (as in force in the
UK and as amended by the FCA's Technical Standards (Market Abuse Regulation)
(EU Exit) Instrument 2019).  Any repurchase of Shares will be announced no
later than 7:30 am on the business day following the calendar day on which the
repurchase occurred.

ENQUIRIES

 Johnson Service Group PLC

 Peter Egan, CEO
 Yvonne Monaghan, CFO
 Tel: 01928 704 600

 Investec Bank plc          Camarco (Financial PR)
 David Flin                 Ginny Pulbrook
 Virginia Bull              Letaba Rimell
 William Brinkley
 Tel: 020 7597 5970         Tel: 020 3757 4992/4981

 

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