Compass Group PLC has announced the purchase of 2,000 of its ordinary shares on 2 April 2024. The shares were bought in accordance with the authority granted by shareholders at its 2023 Annual General Meeting. The purchased shares will be held in treasury and are expected to be used to meet obligations arising from employee share schemes or other allocations to employees or directors. The highest price paid per ordinary share was £23.2500, the lowest price paid was £22.5700, and the volume-weighted average price paid was £22.8606.
These purchases 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 to be completed in 2024 subject to M&A activity. Following these purchases, the company holds 80,914,600 ordinary shares in treasury and has 1,704,489,377 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 also includes contact information for investor and press inquiries. This announcement does not constitute an offer or solicitation of an offer for securities in any jurisdiction.