COMPASS GROUP PLC has announced the purchase of 115,000 of its ordinary shares of 11 1/20 pence each through its broker, BNP Paribas Financial Markets. 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 at various venues, with the highest price paid per ordinary share ranging from £22.0100 to £22.2100.
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 81,289,600 ordinary shares in treasury and has 1,704,114,377 ordinary shares in issue.
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 for press inquiries, Giles Robinson at +44 (0) 1932 963 486. More information can be found on the company's website.