Compass Group PLC has announced the purchase of 88,000 of its ordinary shares on 9 January 2024. These shares, bought through the Company's broker, BNP Paribas Financial Markets, 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 across different venues, with the highest price paid per Ordinary Share ranging from £21.7500 to £21.7400 and the lowest price paid per Ordinary Share ranging from £21.5700 to £21.5500.
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 these purchases, the Company holds 76,032,759 Ordinary Shares in treasury and has 1,709,371,218 Ordinary Shares in issue, resulting in a total number of voting rights in the Company of 1,709,371,218 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 for review. The announcement emphasizes that it 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 can be reached at +44 (0) 1932 963 486. Additional information can be found on the company's website.