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