Compass Group PLC has disclosed the purchase of 81,917 of its ordinary shares on 8 May 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. The purchases were made through the company's broker, BNP Paribas Financial Markets, across various venues, with the highest price paid per ordinary share ranging from £22.8900 to £22.9100.
These transactions 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. Following these purchases, the company now holds 83,082,705 ordinary shares in treasury, with 1,702,321,272 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 BNP Paribas Financial Markets on behalf of the company as part of the share buyback program 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 or visit the company's website.
For more detailed information, the individual transactions made by BNP Paribas Financial Markets on behalf of Compass Group PLC can be accessed through the provided link.