Johnson Service Group PLC AGM Statement and Directorate Change (9494M)
May 03 2018 - 2:00AM
UK Regulatory
TIDMJSG
RNS Number : 9494M
Johnson Service Group PLC
03 May 2018
3 May 2018
AIM: JSG
Johnson Service Group PLC
("JSG" or "the Group")
AGM Statement and Directorate Change
AGM Statement
JSG, a leading UK textile services provider, will be holding its
Annual General Meeting today and Chairman, Paul Moody, will make
the following statement:
"Following substantial growth in 2017, year to date trading has
been strong reflecting both an encouraging underlying performance
together with the benefit of acquisitions over the last twelve
months. We expect the full year results for 2018 to be slightly
ahead of current market expectations."
Directorate Change
JSG also announces that Paul Moody has given notice that he is
to resign from his position as Non-Executive Chairman and will
leave the Group on 3 August 2018.
The current Senior Independent Director, Bill Shannon, will be
appointed as Non-Executive Chairman with effect from 3 August 2018.
In the meantime, the Board will commence a search for a new
Non-Executive Director who has the relevant experience to assist in
the further development of the Group's strategy.
Paul Moody commented:
"It has been a privilege to have been part of the Johnsons
family for over eight years, the last four as Chairman. Under Chris
Sander's leadership, the business has performed spectacularly well.
The strategy that he and the Board have defined is clear and will
continue to drive strong operational and financial performance;
combined with the seamless transition from Chris to Peter Egan as
CEO, I am confident that a positive future for the business is
assured. Now is the right time for me to step away as I consider
new opportunities."
Chris Sander, Chief Executive Officer, commented:
"As a member of the Board, and for the last four years as
Chairman, Paul has made a valued contribution to the development of
our strategy. During this time we have experienced significant
growth and become a market leader in textile services in the UK.
The Board thanks him for his support to the Executive in pursuing
their aims and ambition for the Company and wishes him well in
whatever he chooses to do."
Enquiries:
Johnson Service Group
PLC
Chris Sander, CEO
Yvonne Monaghan, CFO
Tel: 01928 704600
Investec Investment Banking Camarco (Financial PR)
(NOMAD)
David Flin Ginny Pulbrook
Carlton Nelson Ben Woodford
Darren Vickers Tom Huddart
Tel: 020 7597 4000 Tel: 020 3757 4992
About Johnson Service Group PLC
www.jsg.com
Headquartered in Preston Brook, Cheshire, JSG provides textile
rental and related services across the UK. The Group is the leading
supplier of workwear and protective wear in the UK, clothing over
1.3 million people a week. It also provides premium linen services
for the hotel, catering and hospitality markets, and high-volume
hotel linen services, processing approximately 8.5 million items a
week. With its core values of quality, reliability and service, the
Group aims to provide customers with an outstanding level of
customer care.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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