COMPASS GROUP PLC has announced the purchase of 5,500 of its ordinary shares on 8 February 2024. The shares were acquired 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 of ordinary shares to employees or directors.
The purchases were made through the Company's broker, BNP Paribas Financial Markets, with 414 shares bought at a highest price of £22.2900 and a lowest price of £21.9800 on the CBOE CXE, and 5,086 shares bought at a highest price of £22.3100 and a lowest price of £21.9200 on the London Stock Exchange. 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 the purchases, the Company holds 78,053,136 ordinary shares in treasury and has 1,707,350,841 ordinary shares in issue. The total number of voting rights in the Company is 1,707,350,841 ordinary shares. 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 for review.
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 at +44 (0) 1932 573 000, and press inquiries can be directed to Giles Robinson at +44 (0) 1932 963 486. More information can be found on the company's website.