By Adriano Marchese

Compass Group PLC said Tuesday it has issued 195.7 million new shares, meeting its intended target of raising 2 billion pounds ($2.43 billion) in a share placing.

The U.K. catering contractor said the shares were issued at a price of 1,025 pence a share. This compares with the previous day's closing price of 1,153.5 pence.

The company noted that the placing, subscription and retail offer in aggregate represent around 12.3% of the existing issued share capital prior to the placing.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 19, 2020 13:52 ET (17:52 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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