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Deliveroo Executes Share Repurchase to Optimize Capital Structure
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Deliveroo Executes Share Repurchase to Optimize Capital Structure

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

Deliveroo has executed the purchase of 1,154,617 of its own ordinary shares through Goldman Sachs International under its share purchase program announced earlier in August 2024. The purchased shares are intended to be canceled, which will affect the company’s share capital and voting rights, thereby potentially impacting shareholder interests and market positioning.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service established in 2013 by William Shu and Greg Orlowski. It collaborates with approximately 182,000 restaurants, grocery, and retail partners, utilizing around 140,000 riders to provide food delivery services globally. Headquartered in London, Deliveroo operates in 10 markets, including Belgium, France, Hong Kong, Italy, Ireland, Kuwait, Qatar, Singapore, the United Arab Emirates, and the United Kingdom.

YTD Price Performance: 9.80%

Average Trading Volume: 2,077,300

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £2.12B

For an in-depth examination of ROO stock, go to TipRanks’ Stock Analysis page.

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