Compass Group PLC has announced that it purchased a total of 95,600 of its ordinary shares on 8 December 2023. The shares were purchased in accordance with the authority granted by shareholders at the company's 2023 Annual General Meeting. The purchased shares will be held in treasury and are expected to be used for employee share schemes or other allocations to employees or directors. The purchases were made through the company's broker, BNP Paribas Arbitrage S.N.C., on various venues including CBOE BXE, CBOE CXE, London Stock Exchange, and Turquoise. The highest price paid per share was £20.7300, while the lowest price paid per share was £20.5300.
These purchases are part of the company's market equivalent of $250 million share buyback announced on 4 December 2023. The share buyback is the initial stage of the company's $500 million share buyback announced on 20 November 2023, which is expected to be completed in 2024, subject to M&A activity.
Following the purchases, Compass Group PLC now holds 74,537,630 ordinary shares in treasury and has 1,710,866,347 ordinary shares in issue. The total number of voting rights in the company is 1,710,866,347 ordinary shares.
The detailed breakdown of individual trades made by BNP Paribas Arbitrage S.N.C. on behalf of the company as part of the share buyback program is available in the provided link.
This announcement does not constitute an offer or solicitation of an offer for securities in any jurisdiction. For more information, investors can contact Agatha Donnelly and Helen Javanshiri, and the press can contact Giles Robinson.