Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJohnson Service Regulatory News (JSG)

Share Price Information for Johnson Service (JSG)

Share Price is delayed by 15 minutes
Get Live Data
156.40    1.50 (0.97%)
Bid:
156.80
Ask:
157.00
Spread: 0.20 (0.128%)
Market Cap: £585.89m
JSG Live PriceLast checked at - London Stock Exchange

Intraday Johnson Service Share Chart

Trading Update and Acquisition

5 Jan 2018 07:00

RNS Number : 0312B
Johnson Service Group PLC
05 January 2018
 

 

5 January 2018

AIM: JSG

 

Johnson Service Group PLC

("JSG" or "the Group")

 

Pre-close Trading Update and Acquisition of StarCounty Textile Services Limited ("StarCounty")

 

JSG, a leading UK textile rental provider, is pleased to provide a trading update for the six months to 31 December 2017 and announce the acquisition of StarCounty Textile Services Limited, which was completed on 11 December 2017.

 

The Group has continued to trade well in the second half of the year, with results for the full financial year expected to be slightly ahead of management expectations.

 

The Board has previously communicated its focus on considering further opportunities to develop the business and is therefore pleased to announce the acquisition of the entire share capital of StarCounty, a specialist hotel and catering linen business for a total cash consideration of £3.9 million, on a debt free, cash free basis, including a freehold site valued at £0.9 million.

 

StarCounty, based in Wrexham, has been operating in the North West and the Midlands for over 50 years, serving a range of customers including budget hotel chains, country house hotels, restaurants and catering establishments. The acquisition will support and extend the geographical coverage of our Stalbridge Linen brand across the North West and West Midlands, increasing its processing capacity and also improving the efficiency of the logistics network.

 

Results for the full year are expected to be published on 27 February 2018.

 

Chris Sander, Chief Executive Officer of JSG, said:

"We are delighted with another period of strong trading. In addition, the acquisition of StarCounty announced today helps us further develop the business in line with our strategy, increasing our presence in the North West and the West Midlands and enhancing the quality of service we can offer our customers in the region."

 

Enquiries:

 

Johnson Service Group PLC

 

Chris Sander, CEO

 

Yvonne Monaghan, CFO

 

Tel: 01928 704600

 

 

 

Investec Investment Banking (NOMAD)

Camarco (Financial PR)

David Flin

Ginny Pulbrook

Darren Vickers

Ben Woodford

 

Tom Huddart

Tel: 020 7597 4000

Tel: 020 3757 4991

 

 

About Johnson Service Group PLC

www.jsg.com

 

Headquartered in Preston Brook, Cheshire, JSG provides textile rental and related services across the UK. The Group is the leading supplier of workwear and protective wear in the UK, clothing over 1.3 million people a week. It also provides premium linen services for the hotel, catering and hospitality markets, and high-volume hotel linen services, processing approximately 8.5 million items a week. With its core values of quality, reliability and service, the Group aims to provide customers with an outstanding level of customer care.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTBIMRTMBIMBMP
Date   Source Headline
28th Sep 20227:00 amRNSTransaction in Own Shares
27th Sep 20227:00 amRNSTransaction in Own Shares
26th Sep 20227:00 amRNSTransaction in Own Shares
23rd Sep 20227:00 amRNSTransaction in Own Shares
22nd Sep 20227:00 amRNSTransaction in Own Shares
21st Sep 20227:00 amRNSTransaction in Own Shares
20th Sep 20227:30 amRNSTransaction in Own Shares
16th Sep 20227:00 amRNSTransaction in Own Shares
15th Sep 20227:00 amRNSShare Buyback
13th Sep 20229:26 amRNSHolding(s) in Company
1st Sep 202211:27 amRNSTotal Voting Rights
1st Sep 202211:23 amRNSDirector/PDMR Shareholding
1st Sep 20227:00 amRNSInterim Results
1st Aug 20227:00 amRNSBlock listing Interim Review
1st Aug 20227:00 amRNSBlock listing Interim Review
1st Aug 20227:00 amRNSTotal Voting Rights
26th Jul 20227:00 amRNSPre-Close Update
30th Jun 202212:33 pmRNSTotal Voting Rights
1st Jun 202210:28 amRNSTotal Voting Rights
1st Jun 20227:00 amRNSAppointment of Non-Executive Director
4th May 20222:53 pmRNSResult of AGM
4th May 20227:00 amRNSAGM Statement
3rd May 20224:41 pmRNSSecond Price Monitoring Extn
3rd May 20224:35 pmRNSPrice Monitoring Extension
29th Apr 202211:03 amRNSTotal Voting Rights
20th Apr 20227:00 amRNSHolding(s) in Company
1st Apr 20223:12 pmRNSHolding(s) in Company
1st Apr 20227:00 amRNSTotal Voting Rights
22nd Mar 20224:42 pmRNSAnnual Financial Report
16th Mar 202211:41 amRNSDirector/PDMR Shareholding
14th Mar 20229:49 amRNSHolding(s) in Company
10th Mar 20229:48 amRNSDirector/PDMR Shareholding
9th Mar 202211:29 amRNSDirector/PDMR Shareholding
8th Mar 20227:00 amRNSPreliminary Results
1st Mar 20227:00 amRNSTotal Voting Rights
18th Feb 20227:00 amRNSNotice of Preliminary Results
10th Feb 20223:47 pmRNSHolding(s) in Company
7th Feb 20227:00 amRNSSustainability Launch
1st Feb 20227:00 amRNSBlock listing Interim Review
1st Feb 20227:00 amRNSBlock listing Interim Review
31st Jan 202211:57 amRNSTotal Voting Rights
13th Jan 20227:00 amRNSPre-Close Update
31st Dec 20217:00 amRNSTotal Voting Rights
15th Dec 20213:28 pmRNSHolding(s) in Company
30th Nov 202110:38 amRNSTotal Voting Rights
24th Nov 20217:00 amRNSTrading Statement
29th Oct 20217:00 amRNSTotal Voting Rights
15th Oct 202112:38 pmRNSDirector/PDMR Shareholding
1st Oct 202111:41 amRNSDirector/PDMR Shareholding
30th Sep 202112:02 pmRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.