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Deliveroo Executes Share Buyback to Reduce Capital
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Deliveroo Executes Share Buyback to Reduce Capital

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

Deliveroo has announced the purchase of 803,532 of its own shares through Goldman Sachs International as part of its share purchase programme. This transaction, executed on the London Stock Exchange and other platforms, is intended to reduce the company’s share capital by cancelling the acquired shares, potentially impacting voting rights and shareholding structures.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service established in 2013, specializing in working with approximately 186,000 restaurants, grocers, and retail partners, and employing around 135,000 riders to offer on-demand delivery services. 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: -3.66%

Average Trading Volume: 4,527,001

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.02B

Learn more about ROO stock on TipRanks’ Stock Analysis page.

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