Johnson Service Group PLC - Cheshire, England-based textile rental and services provider - Launches on Wednesday the first tranche of the share buyback announced with its annual results on Tuesday. The £15.0 million first tranche of the £30.0 million buyback will be run by Investec Bank PLC and will be completed by July 18. Johnson Service noted it has significant headroom under its banking facilities and current debt leverage is less than one times.

Current stock price: 138.40 pence, down 2.8% in London on Wednesday

12-month change: up 1.2%

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