Compass Group PLC has disclosed the acquisition of 79,636 of its ordinary shares on 10 July 2024. The shares were bought in line with the authority granted by shareholders at the 2024 Annual General Meeting. The purchased shares will be held in treasury and are anticipated to be utilized to fulfill obligations arising from employee share schemes or other allocations to employees or directors. The highest price paid per ordinary share was £21.6400, the lowest was £21.4700, and the volume-weighted average price paid was £21.5694.
These purchases are part of the company's market equivalent of $250 million share buyback announced on 21 June 2024, which constitutes the second and final stage of the company's $500 million share buyback announced on 20 November 2023. Following these acquisitions, the company holds 84,386,798 ordinary shares in treasury and has 1,701,017,179 ordinary shares in issue, resulting in a total of 1,701,017,179 ordinary shares as the denominator for voting rights calculations.
The detailed breakdown of individual trades made by J.P. Morgan Securities plc on behalf of the company as part of the share buyback is available for review. The announcement emphasizes 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 or visit the company's website.