Deliveroo plc Class A (GB:ROO) has released an update.
Deliveroo has repurchased 693,258 of its own shares as part of its share purchase program, with plans to cancel these shares. This transaction impacts the company’s total issued share capital, now consisting of 1.6 billion voting shares. Such moves are often seen as a way to bolster share value by reducing the number of shares available in the market.
For further insights into GB:ROO stock, check out TipRanks’ Stock Analysis page.
