IN BRIEF: Johnson Service starts 1st tranche of GBP30 million buyback

Johnson Service Group PLC - Cheshire, England-based textile rental and services provider - Launches on Wednesday the first tranche of the share buyback announced with its annual results on Tuesday. The GBP15.0 million first tranche of the GBP30.0 million buyback will be run by Investec Bank PLC and will be completed by July 18. Johnson Service noted it has significant headroom under its banking facilities and current debt leverage is less than one times.

Current stock price: 138.40 pence, down 2.8% in London on Wednesday

12-month change: up 1.2%

By Tom Waite, Alliance News editor

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Johnson Service

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