COMPASS GROUP PLC has announced the purchase of 62,528 of its ordinary shares on 26 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 to employees or directors.
The purchases were made through the Company's broker, BNP Paribas Financial Markets, across various venues. The total consideration for the shares is 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 77,285,187 Ordinary Shares in treasury and has 1,708,118,790 Ordinary Shares in issue. The total number of voting rights in the Company is 1,708,118,790 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.