Johnson Service Group PLC Pre-Close Trading Update (8217W)
03 Janeiro 2014 - 5:00AM
UK Regulatory
TIDMJSG
RNS Number : 8217W
Johnson Service Group PLC
03 January 2014
3 January 2014
Johnson Service Group PLC ("the Group")
Pre-Close Trading Update
Trading
The Group expects to announce a full year profit before tax
result in line with expectations. Net debt is expected to have
reduced to below GBP25.0 million at the end of December 2013.
Management Changes
The Board announces that Chris Sander is to be appointed CEO
with immediate effect. Chris joined the Group in 1984 and has
significant experience in the Textile Services industry. He has
been Managing Director of the Textile Rental business since 2008
and assumed responsibility for the Drycleaning business as part of
the combined Textile Services division at the time of the
restructuring of Drycleaning in 2012.
John Talbot remains as Executive Chairman but has informed the
Board of his intention to stand down at the end of April 2014. John
has been Executive Chairman for over 5 years during which time the
Group has been transformed. Since his first involvement with the
Group in 2007 he has led the Board to refocus the business on
Textile Services whilst significantly reducing debt and
strengthening the balance sheet.
Recruitment of a Non Executive Chair is underway and a further
announcement will be made shortly.
The Group will announce its full year results during week
commencing 3(rd) March 2014.
Enquiries:
Johnson Service Group PLC
John Talbot, Executive Chairman
Yvonne Monaghan, Finance Director
Tel: 01928 704600
Investec Investment Banking Newgate Threadneedle
(NOMAD)
James Rudd Graham Herring
David Flin John Coles
Tel: 020 7597 4000 Tel: 020 7653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
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