Compass Group plc (GB:CPG) has released an update.
Compass Group PLC has announced the repurchase of 2,000 of its own shares as part of an ongoing $500 million buyback program, a move aimed at fulfilling obligations arising from employee share schemes. The shares, bought through broker BNP Paribas Financial Markets, will be held in treasury, with the company’s total voting rights remaining at 1,702,756,189 Ordinary Shares post-purchase. This buyback initiative forms part of a broader $250 million market buyback, which is the first phase of the larger program slated for completion in 2024.
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