21.06.2024 08:22:30 - dpa-AFX: Compass Group In Deal With JPM To Enable Purchase Of Up To $250 Mln Shares
NEW YORK CITY (dpa-AFX) - British food services company Compass Group Plc
(CPG.L, CMPGF.PK) announced that it has entered into a non-discretionary
agreement on Thursday with J.P. Morgan Securities plc to enable the purchase of
up to a market equivalent of $250 million. The value was 196.7 million pounds as
of June 18.
The purchase of the company's ordinary shares of 11 1/20 pence each will be
between June 21 and December 17 at the latest.
The latest buyback is the second and final stage of the company's $500 million
share buyback announced in November last year along with its full-year results.
With the planned buyback, the company expects to reduce its share capital by
returning surplus capital to shareholders.
JPM will make its trading decisions in relation to the company's ordinary shares
independently of, and uninfluenced by, the Company.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
|
Name |
WKN |
Börse |
Kurs |
Datum/Zeit |
Diff. |
Diff. % |
Geld |
Brief |
Erster |
Schluss |
![](/mel/img/quote_button.gif) |
JPMORGAN CHASE DL 1 |
850628 |
Frankfurt |
194,100 |
23.08.24 20:07:04 |
-0,040 |
-0,02% |
0,000 |
0,000 |
194,880 |
194,100 |
![](/mel/img/quote_button.gif) |
COMPASS GROUP LS-,1105 |
A2DR6K |
Frankfurt |
28,100 |
23.08.24 08:03:31 |
+0,340 |
+1,22% |
0,000 |
0,000 |
28,100 |
28,100 |