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Deliveroo Executes Share Buyback as Part of Strategic Financial Initiative

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Deliveroo Executes Share Buyback as Part of Strategic Financial Initiative

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

Deliveroo has completed the purchase of 862,289 of its own ordinary shares at a volume-weighted average price of £1.3870, as part of its share purchase programme. These shares are intended to be cancelled, and the transaction impacts the company’s share capital and voting rights, indicating strategic financial management aimed at optimizing shareholder value.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service founded in 2013, partnering with approximately 186,000 restaurants, grocers, and retail partners, and around 135,000 riders to deliver an on-demand experience across 10 markets including the UK, France, and Singapore. Headquartered in London, Deliveroo is focused on providing high-quality delivery services and operates globally with a significant presence in the food delivery industry.

YTD Price Performance: -1.97%

Average Trading Volume: 4,520,974

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.06B

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

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