COMPASS GROUP PLC has announced the purchase of 180,000 of its ordinary shares, 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, at various prices and venues, as detailed in the announcement.
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 the purchases, the Company holds 80,087,736 Ordinary Shares in treasury and has 1,705,316,241 Ordinary Shares in issue.
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. The Company also provided contact information for investor and press inquiries. This announcement does not constitute an offer or solicitation of an offer for securities in any jurisdiction. For further details, the full announcement and transactions can be accessed through the provided link.