Key Developments: Johnson Service Group PLC (JSG.L)
45.88GBp
22 May 2013
0.63p (+1.38%)
45.25p
45.25p
45.50p
45.20p
112,842
830,590
46.06p
26.00p
Latest Key Developments (Source: Significant Developments)
Johnson Service Group plc Recommends Final Dividend
Johnson Service Group plc announced that the Board is recommended a final dividend of 0.74 pence per share (2011: 0.67 pence), making a total dividend in respect of 2012 of 1.1 pence per share (2011: 1.0 pence), an increase of 10%. The proposed final dividend, if approved by Shareholders, will be paid on May 17, 2013 to Shareholders on the register at close of business on April 19, 2013. Full Article
Johnson Service Group plc Announces Disposal Of Alex Reid Limited To Christeyns UK Limited
Johnson Service Group plc announced that it has completed the sale of the entire share capital of Alex Reid Limited ("Alex Reid") to Christeyns UK Limited ("Christeyns") (the "Disposal"), for a cash consideration of GBP2.1 million on a debt free basis (the "Consideration"), which was paid on completion of the Disposal. The proceeds of the Disposal will be used to reduce the Company's debt. The Consideration is subject to adjustments to reflect the actual net assets of Alex Reid at completion. Alex Reid is a drycleaning and laundry consumables supplies and machinery business, which formed part of the Company's Drycleaning business. Full Article
Johnson Service Group plc Declares Dividend
Johnson Service Group plc announced that the Board has proposed an interim dividend of 0.36 pence, representing an increase of 9.1% over the same period last year (H1 2011: 0.33 pence). Full Article
Johnson Service Group plc Announces OFT Clearance And Completion Of Textile Rental Acquisition
Johnson Service Group plc announced that with reference to the announcement relating to the acquisition of the business and specified garment, linen, mat and towel contracts and related assets of Cannon Textile Care from OCS (OCS Group UK Limited) on January 23, 2012, the Group has received regulatory clearance from the Office of Fair Trading and that all other conditions relating to the Acquisition have been satisfied. Accordingly the Acquisition is due to complete on April 4, 2012, with an effective date of close of business on March 30, 2012. Full Article
Johnson Service Group plc Recommends Final Dividend
Johnson Service Group plc announced that the Board is recommending a final dividend of GBP0.0067 per share (2010: GBP0.0055), making a total dividend in respect of 2011 of GBP0.01 per share (2010: GBP0.0082). The proposed final dividend, if approved by Shareholders, will be paid on May 18, 2012, to Shareholders on the register at close of business on April 20, 2012. Full Article
Johnson Service Group plc's Johnsons Apparelmaster Limited to Acquire Textile Rental Business of Cannon Textile Care from OCS Group UK Ltd
Johnson Service Group plc (JSG) announced that Johnsons Apparelmaster Limited (JAM), the Textile Rental division of JSG, has exchanged contracts relating to the acquisition of the business and specified garment, linen, mat and towel contracts and related assets of Cannon Textile Care (Cannon) from OCS Group UK Limited (OCS) for a net consideration of approximately £6.1 million. Cannon operates its textile rental business from laundries based in Glasgow, Manchester, Bristol, Newmarket and Balham with additional depots in Gateshead and Birmingham. OCS will continue to operate their washroom services business under the Cannon Hygiene brand. The acquisition is conditional on a number of points including clearance from the Office of Fair Trading. There is also a right of rescission by either party if there is a material adverse change in the business prior to completion or if regulatory clearance has not been received by 29 May 2012. It is currently anticipated that the transaction will be completed at the end of March 2012. The net consideration for the business and assets will be approximately £6.1 million based on estimated contracted annual revenue of £15.0 million at the time of exchange of contracts. The consideration will be adjusted, up or down, to reflect the actual contracted revenue at the date of completion, although this is not expected to change significantly. The consideration will be payable in cash at completion and funded from the existing debt facility. Full Article
Johnson Service Group plc Recommends Interim Dividend
Johnson Service Group plc announced that the Board has recommended an interim dividend of 0.33 pence, representing an increase of 22.2% over the same period last year (H1 2010: 0.27 pence). The interim dividend will be paid on November 11, 2011 to those Shareholders on the register of members at the close of business on October 14, 2011. The ex dividend date is October 12, 2011. Full Article
Johnson Service Group plc Sees H1, FY 2011 Results In Line With Its Expectations
Johnson Service Group plc announced that the Board expects to achieve an overall result which is in line with its expectations for both the first half of 2011 and fiscal 2011. Full Article
Johnson Service Group plc's SGP Property & Facilities Management Ltd Receives Contract
Johnson Service Group plc's facilities management division SGP Property & Facilities Management Ltd announced award of a national facilities management contract with Johnston Press plc for an initial three year term. Total revenue, including throughput, is expected to be GBP10 million over the life of the contract. SGP's flexible management model, leveraging its network of local and regional suppliers, will deliver a range of hard and soft FM services to 185 Johnston Press properties located throughout the UK and Ireland. The contract will see up to 130 Johnston Press staff currently employed in service areas covering security, catering, cleaning, buildings maintenance, fire safety management and grounds maintenance, transfer to SGP or network of service partners under TUPE. A three-month mobilisation project has commenced and the contract is due to go live at the beginning of September 2011. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
