The decision comes after the company announced on 8 November that it will breach the existing covenants in its banking agreement.
The board is continuing to work constructively with its banks and will make a further announcement in due course.
Serving the professional textile care industry since 1885
The board of Johnson Service Group has decided that it is not appropriate to pay the previously declared dividend of 3 pence per share for the period ending 30 June 2007. The shares were to have gone ex dividend on 5 December 2007.
The decision comes after the company announced on 8 November that it will breach the existing covenants in its banking agreement.
The board is continuing to work constructively with its banks and will make a further announcement in due course.