LONDON: Johnson Service Group (JSG), a leading textile services provider in the United Kingdom and Ireland, announced Tuesday its intention to apply for admission of its shares to the Main Market of the London Stock Exchange, moving from the AIM market where it has been listed since 2008.
The company said the move, expected by early August 2025, would provide access to deeper capital pools, a broader investor base and increased liquidity. JSG does not plan to raise new funds or issue additional shares as part of the transition.
The Board cited JSG’s strong financial performance and shareholder returns as key factors in the decision, while acknowledging AIM’s role in the company’s growth. Admission is contingent on regulatory approval but does not require shareholder consent.
Separately, JSG expanded its share buyback program by £15 million ($19 million), bringing the total to £30 million ($38 million). The extended program, managed by Investec Bank, will run through Dec. 31, 2025.
JSG said further updates will follow in due course.