Johnson Service Raises Cash for Prolonged Lockdown Scenario

From Shares Magazine. Shares in textile services and workwear rental firm Johnson Service Group (JSG:AIM) dropped 10% to 128p after it announced plans to raise £85m in new financing through a non-pre-emptive share issue, in order to give it enough liquidity to see out a ‘prolonged lockdown period’ and give it options to grow once the pandemic eases. The placing…