19th Dec 2006 09:09
Johnson Service Group PLC19 December 2006 19 December 2006 Johnson Service Group PLC Disposal of part of Johnson Hospitality Services Business ("JHS") Johnson Service Group PLC, the textile related services and facilitiesmanagement Group, announces the disposal of part of the business and assets ofJohnson Hospitality Services to the Spaceworks Furniture Hire Ltd Group ofCompanies for a total cash consideration of £0.8 million. As indicated inSeptember, trading at JHS continued to be difficult despite undergoingrationalisation and restructuring. The remaining part of JHS is expected to bedisposed of, or closed, by the 31st December 2006, with no additional impact onthe numbers stated below. The total loss is estimated at some £10.2 million, of which £8.4 million arenon-cash items. The trading loss for JHS for the year is approximately £2.3million, which will be classed as discontinued. For further information, please contact: Johnson Service Group PLC Hudson Sandler Simon Sherrard, Chairman Michael SandlerJim Wilkinson, Chief Financial Officer Sandrine GallienTelephone: 020 7290 0390 Telephone: 020 7796 4133www.johnsonplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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