Compass Group PLC has disclosed the purchase of 25,405 of its ordinary shares on 3 July 2024. The shares were acquired 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 used to fulfill obligations arising from employee share schemes or other allocations to employees or directors. The highest price paid per ordinary share was £21.2600, the lowest was £21.2200, and the volume-weighted average price paid was £21.2398.
These purchases are part of the company's market equivalent of $250 million share buyback, which is the second and final stage of the $500 million share buyback announced on 20 November 2023. Following these transactions, the company holds 83,850,468 ordinary shares in treasury and has 1,701,553,509 ordinary shares in issue. This figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in the company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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.