Compass Group PLC has announced that it purchased 350,000 of its ordinary shares on 18 October 2023. The shares were bought through the company's broker, Barclays Capital Securities Limited, and will be held in treasury. The purpose of the purchase is to meet obligations arising from employee share schemes or other allocations of ordinary shares to employees or directors. The shares were purchased at various prices on different venues, with the highest price paid being 20.6800 pence per share and the lowest price paid being 20.5200 pence per share. The volume weighted average price paid per share was 20.5629 pence.
This share purchase is part of the company's share buyback program, which was announced on 10 May 2023. Following the latest purchases, Compass Group PLC now holds 71,752,670 ordinary shares in treasury and has 1,713,651,307 ordinary shares in issue. The total number of voting rights in the company is therefore 1,713,651,307 ordinary shares.
Shareholders can use this figure as the denominator for calculating whether 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 the individual trades made by Barclays Capital Securities Limited on behalf of the company as part of the share buyback program can be found 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. The company's website is also available for reference.