Compass Group PLC has disclosed the acquisition of 92,600 of its ordinary shares on 2 January 2024. The shares were bought 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, at various venues, with the highest price paid per ordinary share ranging from £21.5900 to £21.6200.
These acquisitions 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 75,563,759 ordinary shares in treasury and has 1,709,840,218 ordinary shares in issue.
The company has provided a detailed breakdown of individual trades made by BNP Paribas Financial Markets on behalf of the company as part of the share buyback program. 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, and for press inquiries, Giles Robinson at +44 (0) 1932 963 486. More details can be found on the company's website.