EXTENSION OF DURATION OF SHARE BUYBACK PROGRAMME

RNS Number : 8038Z

Compass Group PLC

16 September 2022

 

Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER FOR SALE OF ANY SECURITIES OR AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN ANY JURISDICTION OR A SOLICITATION OF ANY VOTE OR APPROVAL.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

EXTENSION OF DURATION OF SHARE BUYBACK PROGRAMME

On 26 May 2022, Compass Group PLC (the "Company") announced that it had entered into a non-discretionary agreement with Merrill Lynch International ("MLI") in relation to the purchase by MLI, acting as riskless principal, of the Company's ordinary shares of 11 1/20 pence each for an aggregate purchase price of up to £500 million (the "Programme"). 

The Company now confirms that it has extended the duration of that Programme to 16 November 2022 to ensure sufficient time to complete the Programme ahead of the Company's full year results announcement on 21 November 2022.

The Programme will otherwise continue to be conducted within the parameters set out in the announcement on 26 May 2022 (including the aggregate purchase price of up to £500 million).

Enquiries

Investors:	Agatha Donnelly & Simon Bielecki	[phone]
Press:	Giles Robinson	[phone]
Website:	www.compass-group.com

Note to Editors:

Compass Group PLC is a world leading food service company, which generated annual revenues of £18.1 billion in the year to 30 September 2021.  It operates in 44 countries and employs and engages around 480,000 people. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Senior Living, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.     

 

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