Business
Results of Placing and PDMR Shareholdings
Results of Placing and PDMR Shareholdings.
About this update from Johnson Service Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 4021O\n Johnson Service Group PLC\n 29 May 2020\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR \n \n PUBLICATION, RELEASE, TRANSMISSION, DISTRIBUTION OR FORWARDING\n \n , IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014). \n \n \n \n \n \n \n \n \n 29 May 2020\n \n \n Johnson Service Group plc\n \n \n (\"JSG\", the \"Group\" or the \"Company\") \n \n \n \n \n \n Results of Placing and PDMR Shareholdings\n \n \n \n \n \n Johnson Service Group plc, a leading UK textile services provider, announces the successful completion of the placing of ordinary shares of £0.10 each (\"Ordinary Shares\") in the capital of the Company announced earlier today (the \"Placing Announcement\").\n \n \n \n \n \n A total of 73,915,188 new ordinary shares of £0.10 each in the capital of the Company (the \"Placing Shares\"), representing approximately 19.99 per cent. of the existing issued share capital of the Company, have been placed by Investec Bank plc (\"Investec\"), the sole broker and sole bookrunner, at a price of 115 pence per Placing Share (the \"Placing Price\"), raising gross proceeds of approximately £85 million for the Company. The Placing Price of 115 pence represents a discount of 7 per cent. \n to the 10 day average closing mid-market price of 123.6 pence per ordinary share and 2 per cent. to the 10 day volume weighted average price of 117.5 pence per ordinary share both ending on 28 May 2020, being the last practicable day prior to the publication of this announcement. \n \n \n \n \n \n Applications have been made to the London Stock Exchange for the Placing shares to be admitted to trading on AIM \n (\"Admission\")\n . It is expected that settlement for the Placing Shares and Admission will take place on or before 8.00 a.m. (London time) on 2 June 2020 (or such later time and/or date as ...