REG - Compass Group PLC - Transaction in Own Shares <Origin Href="QuoteRef">CPG.L</Origin>

CompassAnnouncement

31/03/2016 07:05

RNS Number : 6106T
Compass Group PLC
31 March 2016
COMPASS GROUP PLC
Close Period Share Buyback 
In its 2015 Annual Report published on 18 December 2015, Compass Group PLC (the"Company") confirmed its policy of continuing to maintain strong investment grade credit ratings returning any surplus cash to shareholders to target net debt/EBITDA of around 1.5x. 
Pursuant to this policy, the Company announces that, during its close period commencing on 1 April 2016, the Company has put in place an irrevocable buyback programme managed by an independent third party which makes its trading decisions in relation to the Company's securities independently of, and uninfluenced by, the Company. 
Any repurchases carried out during this close period shall be within certain pre-agreed parameters and in accordance with the Company's general authority to repurchase shares, the Listing Rules and other applicable law. The maximum number of shares which can be acquired during this close period is 3,375,000 shares. 
The Company intends to cancel the shares purchased on its behalf.
ENDS
Enquiries: 
For further information, contact: 
M J White, General Counsel & Company Secretary
Tel: +44 (0)1932 573000
Notes to Editors: Compass Group PLC is a world-leading food and support services company, which generated annual revenues of 17.8 billion in the year to 30 September 2015. It operates in over 50 countries, employs over 500,000 people and serves over 5 billion meals every year. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Defence, Offshore & Remote, Sports & Leisure and Vending with an established brand portfolio.
Compass Group's website is at www.compass-group.com. 

This information is provided by RNS
The company news service from the London Stock Exchange
  END
POSAKKDBABKDBNN