Deliveroo Executes Share Buyback to Enhance Shareholder Value

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Deliveroo plc Class A ( (GB:ROO) ) just unveiled an announcement.

Deliveroo has executed the purchase of 1,068,100 of its ordinary shares as part of its share purchase programme announced in August 2024. These shares, purchased through Goldman Sachs International, are intended for cancellation, affecting the company’s issued share capital and the total number of voting rights available to shareholders. This transaction is likely to impact Deliveroo’s market positioning by potentially increasing shareholder value and signaling confidence in the company’s financial health.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. The company partners with approximately 182,000 restaurants, grocery, and retail entities and employs around 140,000 riders to deliver food globally. Headquartered in London, Deliveroo operates in ten markets, including countries like Belgium, France, and the United Kingdom.

YTD Price Performance: -7.05%

Average Trading Volume: 3,632,840

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.05B

See more data about ROO stock on TipRanks’ Stock Analysis page.

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