Compass Group PLC has announced that it has purchased 98,000 of its ordinary shares of 11 1/20 pence each. The shares were purchased through the company's broker, BNP Paribas Financial Markets, and will be held in treasury. The shares are expected to be used to meet obligations arising from employee share schemes or other allocations of shares to employees or directors. The purchases were made on various venues, including CBOE BXE, CBOE CXE, London Stock Exchange, and Turquoise. The highest price paid per share was £20.9800, while the lowest price paid per share was £20.6600. The volume-weighted average price paid per share was £20.8663.
These purchases are part of the company's market equivalent of $250 million share buyback, which was 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 74,681,159 ordinary shares in treasury and has 1,710,722,818 ordinary shares in issue. The total number of voting rights in the company is 1,710,722,818 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 provided link.
This announcement does not constitute an offer or solicitation of an offer for securities in any jurisdiction. For further information, investors can contact Agatha Donnelly and Helen Javanshiri, and the press can contact Giles Robinson.