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Deliveroo Executes Share Buyback to Enhance Shareholder Value
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Deliveroo Executes Share Buyback to Enhance Shareholder Value

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An update from Deliveroo plc Class A ( (GB:ROO) ) is now available.

Deliveroo has purchased 313,570 of its own ordinary shares as part of a share buyback program, with plans to cancel them subsequently. This purchase is part of a strategy to manage its share capital, potentially impacting voting rights calculations for stakeholders, and reflects ongoing efforts to bolster share value.

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 approximately 182,000 restaurants, grocery, and retail partners, and employs around 140,000 riders to deliver food. Headquartered in London, Deliveroo operates in 10 markets including the UK, France, and Singapore.

Average Trading Volume: 3,284,182

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.13B

See more insights into ROO stock on TipRanks’ Stock Analysis page.

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