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Deliveroo Executes Share Buyback to Enhance Market Position

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Deliveroo Executes Share Buyback to Enhance Market Position

Deliveroo plc Class A ( (GB:ROO) ) has shared an announcement.

Deliveroo has repurchased 785,586 of its own ordinary shares through Goldman Sachs International as part of its ongoing share purchase programme. This transaction, intended to cancel the purchased shares, impacts Deliveroo’s share capital and voting rights, potentially influencing shareholder interests and market perceptions.

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 an on-demand delivery experience globally. Headquartered in London, Deliveroo operates in 10 markets, including the UK, France, and Singapore.

YTD Price Performance: -11.42%

Average Trading Volume: 4,173,154

Technical Sentiment Signal: Buy

Current Market Cap: £1.84B

Learn more about ROO stock on TipRanks’ Stock Analysis page.

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