Johnson Service Group has launched a £55m share buyback programme, lifting total buybacks since 2022 to £145.3m. The programme will run until no later than 1 March 2027, with all repurchased shares to be cancelled, reducing the company’s issued share capital and enhancing earnings per share.
Importantly, management is funding this return from a position of financial strength rather than financial theatre. Following recent investment, acquisitions, and its FY2025 final dividend payment, JSG still retains ample liquidity via its £175m revolving credit facility, alongside a £50m accordion option for additional flexibility.