COMPASS GROUP PLC has announced the purchase of 14,000 of its ordinary shares on 30 April 2024. The shares were acquired through the Company's broker, BNP Paribas Financial Markets, and will be held in treasury. The 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.
The breakdown of the purchases includes 732 shares on CBOE CXE, 13,156 shares on the London Stock Exchange, and 112 shares on Turquoise. The highest price paid per ordinary share was £22.5000, and the lowest was £22.2400, with a volume-weighted average price paid of £22.3799.
Following the purchases, the Company holds 82,665,788 ordinary shares in treasury and has 1,702,738,189 ordinary shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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 provided link. 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 information can be found on the company's website.