Compass Group PLC has disclosed the purchase of 2,000 of its ordinary shares on 23 April 2024. The shares were acquired in line with the authority granted by shareholders at the 2023 Annual General Meeting. The company intends to hold these shares in treasury for potential use in employee share schemes or other allocations to employees or directors. The purchases were made through the company's broker, BNP Paribas Financial Markets, with a breakdown of the transactions provided in the announcement.
The shares were bought as part of the company's market equivalent of $250 million share buyback, which is the initial stage of the $500 million share buyback announced in November 2023. Following these purchases, the company now holds 82,643,788 Ordinary Shares in treasury, with 1,702,760,189 Ordinary Shares in issue. This total number of voting rights may be used by shareholders for disclosure purposes under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The announcement emphasizes that it does not constitute an offer for securities in any jurisdiction. For further details, the breakdown of individual trades made by BNP Paribas Financial Markets on behalf of the company as part of the share buyback program is available in the provided link. For more information, investors can contact Agatha Donnelly and Helen Javanshiri, while press inquiries can be directed to Giles Robinson. Additional details can be found on the company's website.