COMPASS GROUP PLC has announced the purchase of 90,000 of its ordinary shares on 12 February 2024. The shares were acquired in accordance with the authority granted by shareholders at its 2023 Annual General Meeting. The purchased shares will be held in treasury and are expected to be used to meet obligations arising from employee share schemes or other allocations of ordinary shares to employees or directors.
The purchases were made through the Company's broker, BNP Paribas Financial Markets, with a breakdown of the transactions provided. The highest price paid per ordinary share ranged from £22.3200 to £22.3700, and the lowest price paid per ordinary share ranged from £22.0200 to £22.0400. The purchases are part of the Company's market equivalent of $250 million share buyback announced on 4 December 2023, which is the initial stage of the Company's $500 million share buyback announced on 20 November 2023 to be completed in 2024, subject to M&A activity.
Following the purchases, the Company holds 78,144,736 ordinary shares in treasury and has 1,707,259,241 ordinary shares in issue. The total number of voting rights in the Company is 1,707,259,241 ordinary shares. The announcement also includes a disclaimer that it does not constitute an offer or solicitation of an offer for securities in any jurisdiction.
For further information, investors can contact Agatha Donnelly and Helen Javanshiri at +44 (0) 1932 573 000, and for press inquiries, Giles Robinson at +44 (0) 1932 963 486. More details about the transactions can be found on the company's website.