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Deliveroo Executes Significant Share Buyback

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Deliveroo Executes Significant Share Buyback

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

Deliveroo has announced the purchase of 1,447,892 of its own ordinary shares through Goldman Sachs International on various stock exchanges. This transaction is part of Deliveroo’s ongoing share purchase program, with the intention to cancel the acquired shares, thereby potentially impacting the company’s share capital and voting rights structure.

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 186,000 restaurants, grocers, and retail partners, along with around 135,000 riders, to provide on-demand delivery services 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: -14.66%

Average Trading Volume: 5,234,170

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.78B

Find detailed analytics on ROO stock on TipRanks’ Stock Analysis page.

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