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Deliveroo Buys Back 829,287 Shares in Strategic Capital Reduction Move
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Deliveroo Buys Back 829,287 Shares in Strategic Capital Reduction Move

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

Deliveroo has announced the purchase of 829,287 of its own Ordinary Shares at an average price of £1.2862 per share, as part of its ongoing share purchase programme. This transaction, executed via Goldman Sachs International, aims to reduce issued share capital, with the purchased shares intended for cancellation, consequently affecting the total number of voting rights and potentially impacting shareholder interest calculations under financial regulatory guidelines.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service, founded in 2013 by William Shu and Greg Orlowski. It collaborates with around 182,000 restaurants, grocery, and retail partners, along with approximately 140,000 riders, to offer a premier food delivery experience globally. Headquartered in London, Deliveroo operates in 10 markets, including countries like Belgium, France, Hong Kong, Italy, and the United Kingdom.

YTD Price Performance: -9.87%

Average Trading Volume: 3,888,162

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.92B

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

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