Compass Group PLC has announced the purchase of 123,827 of its ordinary shares on 14 August 2024. The shares were bought in accordance with the authority granted by shareholders at its 2024 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 highest price paid per ordinary share was £23.7000, the lowest price paid was £23.5900, and the volume-weighted average price paid was £23.6569.
These purchases are part of the company's market equivalent of $250 million share buyback announced on 21 June 2024, which is the second and final stage of the company's $500 million share buyback announced on 20 November 2023. Following these purchases, the company holds 86,156,624 ordinary shares in treasury and has 1,699,247,353 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 J.P. Morgan Securities plc on behalf of the company as part of the share buyback 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 and Helen Javanshiri at +44 (0) 1932 573 000 or visit the company's website.