The latest update is out from Deliveroo plc Class A ( (GB:ROO) ).
Deliveroo has executed the purchase of 1,672,347 of its own ordinary shares through Goldman Sachs International on various exchanges. This transaction is part of Deliveroo’s ongoing share purchase programme, initially announced in August 2024. The acquired shares are intended for cancellation, impacting the company’s share capital and voting rights. The move is likely aimed at optimizing the company’s capital structure and could influence shareholder value and market perception.
More about Deliveroo plc Class A
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. The company collaborates with approximately 186,000 restaurants, grocers, and retail partners, alongside around 135,000 riders, to offer on-demand delivery services. Headquartered in London, Deliveroo operates in 10 markets, including Belgium, France, Hong Kong, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates, and the United Kingdom.
YTD Price Performance: -14.24%
Average Trading Volume: 5,179,376
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.78B
Learn more about ROO stock on TipRanks’ Stock Analysis page.