The latest announcement is out from Deliveroo plc Class A ( (GB:ROO) ).
Deliveroo announced the purchase of 823,151 of its own ordinary shares through Goldman Sachs International on the London Stock Exchange and other platforms, as part of its share purchase program. The shares, acquired at an average price of £1.3715 each, will be cancelled, reducing the company’s issued share capital and potentially impacting shareholder voting rights. This strategic move may reflect Deliveroo’s confidence in its financial health and could influence its market positioning, signaling value to stakeholders.
More about Deliveroo plc Class A
Deliveroo is an award-winning delivery service founded in 2013, working with approximately 186,000 restaurants, grocers, and retail partners, and around 135,000 riders to offer on-demand delivery services. Headquartered in London, Deliveroo operates in 10 markets including the UK, France, and Singapore.
YTD Price Performance: -4.51%
Average Trading Volume: 4,635,349
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2B
See more data about ROO stock on TipRanks’ Stock Analysis page.