Johns Lyng Group Ltd ( (AU:JLG) ) just unveiled an update.
Johns Lyng Group Limited announced the release of 170,682 fully paid ordinary shares from voluntary escrow on April 30, 2025. These shares were initially issued as part of the acquisition of the remaining 40% interest in Unitech Building Services. This move marks a significant step in JLG’s strategic growth and consolidation efforts, potentially impacting its market positioning and shareholder value.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited is an integrated building services company operating in Australia and the US, specializing in rebuilding and restoring properties and contents after damage from insured events such as impact, weather, and fire. Established in 1953, the company has grown into an international business with over 2,300 employees, serving a diverse client base including major insurance companies, commercial enterprises, governments, and retail customers.
YTD Price Performance: -45.82%
Average Trading Volume: 3,035,015
Technical Sentiment Signal: Buy
Current Market Cap: A$569.1M
For a thorough assessment of JLG stock, go to TipRanks’ Stock Analysis page.