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

Johnson ServiceAnnouncement

Today 07:02

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RNS Number : 3209D  Johnson Service Group PLC  07 May 2026

7 May 2026

TIDM: JSG

Johnson Service Group PLC

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

 

Commencement of Share Buyback Programme

On 7 May 2026, in its AGM Statement (the "AGM Statement"), the Company
announced that, in addition to the £90.3 million returned to Shareholders
through share buybacks since 2022, it intends to launch a further £55.0
million share buyback programme (the "Buyback Programme").

Pursuant to the Buyback Programme, the Company has today entered into a
non-discretionary instruction with Investec Bank plc to purchase up to £55.0
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 1 March 2027.

As set out in the AGM Statement, the Company employs a disciplined approach to
investment, returns and capital efficiency to deliver sustainable compounding
growth whilst maintaining a strong balance sheet. Having taken into
consideration recent investments, acquisitions, share buybacks and the payment
of a final dividend for the financial year ended 31 December 2025, the Group
has significant headroom under its recently refinanced and increased £175.0
million committed revolving credit facility (with a further £50.0 million
accordion option, subject to lender consent). Accordingly, the Board considers
the Buyback Programme to be prudent, reflecting the Group's cash generative
ability and consistent with its capital allocation policy, and will continue
to actively review its options on capital allocation, evaluating the balance
between investment in our acquisition strategy, organic growth ambitions and
returns to Shareholders.

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 purchase of Shares under the Buyback Programme will take place in open
market transactions and may be made from time to time depending on market
conditions, share price and trading volumes. The Buyback Programme will be
effected under the general authority to repurchase Ordinary Shares granted by
the Company's Shareholders at the Company's 2025 annual general meeting (and
subject to renewed authority at the Company's 2026 annual general meeting) and
in accordance with Chapter 9 of the UK Financial Conduct Authority's Listing
Rules, and Regulation (EU) No 596/2014 and Commission Delegated Regulation
(EU) No 2016/1052 (both as they form part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018), including where relevant pursuant to
the UK Market Abuse Regulation.

Any purchase of Shares pursuant to the Buyback Programme will be announced by
no later than the end of the 7(th) daily market session following the calendar
day on which such transaction occurred.

 Enquiries:
 Johnson Service Group PLC

 Peter Egan, CEO

 Ryan Govender, CFO

 Tel:  01928 704 600

 Investec Investment Banking  Camarco (Financial PR)

 David Flin                   Ginny Pulbrook

 Virginia Bull                Letaba Rimell

 Tom Brookhouse

 Tel:  020 7597 5970          Tel:  020 3757 4992 / 4981

 

 

Company LEI: 2138004WZUPWV53KWV11

 

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