Johnson Service Group PLC (AIM:JSG) commences share repurchases on September 20, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase up to 43,286,254 shares, representing 10% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time.

The minimum price which may be paid for an ordinary share is 10 pence. The repurchased shares will be cancelled or held as treasury shares. The program is being carried out for managing capital efficiency and increasing the shareholder value and net asset value.

The authority shall expire at the conclusion of the next Annual General Meeting of the company or, if earlier, on July 1, 2024. As of March 6, 2023, the company had 432,862,547 issued and outstanding shares and had 929,253 ordinary shares in treasury.