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LONDON – Johnson Service Group PLC (AIM: JSG), a prominent textile services provider in the United Kingdom (TADAWUL:4280) and the Republic of Ireland, has applied for a block listing of 1,000,000 Ordinary Shares on the London Stock Exchange (LON:LSEG)'s AIM market. The shares, each with a nominal value of 10p, are intended to facilitate the granting of awards under two of the company’s incentive schemes.
The schemes in question are the Johnson Service Group 2018 Long-Term Incentive Plan and the corresponding CSOP Section. The block listing will be utilized as needed to fulfill awards granted under these plans. When issued, the new Ordinary Shares will be fully paid and will rank equally with the existing Ordinary Shares in the Group.
The anticipated effective date for the admission of these shares is February 21, 2025. This move will allow JSG to efficiently manage the issuance of shares as part of their long-term incentive programs for employees, aligning their interests with those of the shareholders.
The issuance and subsequent trading of these shares on AIM reflect the company's ongoing commitment to its long-term incentive plans, which are designed to retain and motivate key personnel. The Ordinary Shares, upon exercise, will integrate seamlessly with the current shares in circulation.
This block listing application announcement is based on a press release statement and has been officially communicated through RNS, the news service of the London Stock Exchange. RNS is authorized by the Financial Conduct Authority in the UK to act as a Primary Information Provider.
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