COMPASS GROUP PLC has announced the purchase of 87,000 of its ordinary shares on 8 January 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, at various venues, with the highest price paid per ordinary share ranging from £21.5500 to £21.3600. These transactions 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 75,944,759 ordinary shares in treasury and has 1,709,459,218 ordinary shares in issue. The total number of voting rights in the Company is 1,709,459,218 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 in the announcement.
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 details can be found on the company's website.