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Deliveroo Enhances Shareholder Value with Share Repurchase
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Deliveroo Enhances Shareholder Value with Share Repurchase

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

Deliveroo has repurchased 1,401,783 of its own ordinary shares through Goldman Sachs International, with intentions to cancel these shares as part of its ongoing share purchase program. This move, which adjusts the company’s issued share capital and voting rights, is designed to enhance shareholder value and reflects Deliveroo’s strategic financial management efforts.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service founded in 2013, operating across 10 international markets including Belgium, France, Hong Kong, and the UK. The company partners with approximately 186,000 restaurants, grocers, and retailers, employing around 135,000 riders to offer on-demand delivery services globally.

YTD Price Performance: -9.37%

Average Trading Volume: 4,243,310

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.92B

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

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