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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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The latest announcement is out from Deliveroo plc Class A ( (GB:ROO) ).

Deliveroo announced the purchase of 1,033,329 of its ordinary shares as part of its share purchase program, executed through Goldman Sachs International. The transaction, involving shares from the London Stock Exchange and other platforms, aims to cancel the acquired shares, thus impacting the company’s share capital and voting rights calculations, which are crucial for shareholder disclosures under regulatory guidelines.

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, as well as around 140,000 riders, to offer a premier food delivery experience globally. Headquartered in London, Deliveroo operates in 10 markets, including Belgium, France, Hong Kong, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates, and the United Kingdom.

YTD Price Performance: -9.30%

Average Trading Volume: 4,227,456

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.92B

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

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