Compass Group PLC has announced that it purchased a total of 103,000 of its ordinary shares on December 6, 2023. The shares were purchased through the company's broker, BNP Paribas Arbitrage S.N.C., and will be held in treasury. The shares 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 on various venues, including CBOE BXE, CBOE CXE, London Stock Exchange, and Turquoise, at different prices ranging from £20.4600 to £20.6300 per ordinary share.
These purchases are part of the company's market equivalent of $250 million share buyback program, which was announced on December 4, 2023. The share buyback program is the initial stage of a $500 million share buyback program announced on November 20, 2023, and is expected to be completed in 2024, subject to M&A activity.
Following the purchases, Compass Group PLC now holds 74,338,030 ordinary shares in treasury and has 1,711,065,947 ordinary shares in issue. The total number of voting rights in the company is 1,711,065,947 ordinary shares.
The detailed breakdown of individual trades made by BNP Paribas Arbitrage S.N.C. on behalf of the company as part of the share buyback program is available in the provided link.
This announcement 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, and the press can contact Giles Robinson. More information can be found on the company's website.