tiprankstipranks
Deliveroo Enhances Financial Strategy with Share Purchase
Company Announcements

Deliveroo Enhances Financial Strategy with Share Purchase

Story Highlights

Pick the best stocks and maximize your portfolio:

Deliveroo plc Class A ( (GB:ROO) ) has shared an announcement.

Deliveroo announced the purchase of 958,930 Ordinary Shares through Goldman Sachs International as part of its share purchase program. The shares, bought at an average price of £1.4962, are planned to be canceled, impacting the company’s share capital and voting rights. This move aligns with Deliveroo’s strategic financial management efforts, potentially influencing shareholder value and market perception.

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 around 182,000 restaurants, grocery, and retail partners along with about 140,000 riders to offer food delivery services worldwide. Headquartered in London, Deliveroo operates across 10 markets, including the UK, France, and Hong Kong.

YTD Price Performance: 15.91%

Average Trading Volume: 2,032,894

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.24B

For detailed information about ROO stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskDeliveroo Executes Share Repurchase to Optimize Capital Structure
TipRanks UK Auto-Generated NewsdeskDeliveroo plc Updates on Voting Rights Changes
TipRanks UK Auto-Generated NewsdeskDeliveroo Executes Share Buyback Program to Bolster Financial Strategy
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App