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Deliveroo Repurchases Shares to Optimize Capital Structure

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Deliveroo Repurchases Shares to Optimize Capital Structure

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Deliveroo plc Class A ( (GB:ROO) ) has provided an update.

Deliveroo has repurchased 591,850 of its own ordinary shares through Goldman Sachs International as part of its share purchase program. The shares, acquired on the London Stock Exchange and other platforms, are intended to be cancelled, impacting the company’s share capital and voting rights. This move is designed to optimize the company’s capital structure and potentially enhance shareholder value.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service, founded in 2013, that partners with approximately 186,000 restaurants, grocers, and retail partners across 10 markets, including the UK, France, and Singapore. It employs around 135,000 riders to provide on-demand delivery services globally. Headquartered in London, Deliveroo aims to offer the best delivery experience worldwide.

YTD Price Performance: -3.03%

Average Trading Volume: 4,630,272

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.04B

Find detailed analytics on ROO stock on TipRanks’ Stock Analysis page.

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