COMPASS GROUP PLC has announced the purchase of 2,000 of its ordinary shares on 14 March 2024. The shares were bought through the Company's broker, BNP Paribas Financial Markets, at a volume weighted average price of £22.0000 per share. These 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.
This purchase is 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 now holds 80,368,100 Ordinary Shares in treasury and has 1,705,035,877 Ordinary Shares in issue.
The total number of voting rights in the Company is 1,705,035,877 Ordinary Shares, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to 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 in the provided link. This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
For further information, investors can contact Agatha Donnelly & Helen Javanshiri at +44 (0) 1932 573 000, and for press inquiries, Giles Robinson at +44 (0) 1932 963 486. More information can be found on the company's website.