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Deliveroo Executes Share Repurchase to Adjust Capital Structure

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Deliveroo Executes Share Repurchase to Adjust Capital Structure

The latest update is out from Deliveroo plc Class A ( (GB:ROO) ).

Deliveroo has repurchased 951,778 of its own ordinary shares through Goldman Sachs International as part of its ongoing share purchase program. This transaction, intended to cancel the purchased shares, adjusts the company’s issued share capital and affects the total number of voting rights, which stakeholders can use for determining their interest notifications under FCA rules.

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, along with around 135,000 riders, to offer an on-demand delivery experience. 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: -8.88%

Average Trading Volume: 4,244,117

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.8B

For a thorough assessment of ROO stock, go to TipRanks’ Stock Analysis page.

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