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Deliveroo Executes Strategic Share Buyback to Optimize Capital Structure
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Deliveroo Executes Strategic Share Buyback to Optimize Capital Structure

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Invest with Confidence:

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

Deliveroo has executed a purchase of 601,226 Ordinary Shares through Goldman Sachs International on the London Stock Exchange. This move is part of the company’s ongoing share purchase program, and the acquired shares are set to be canceled. As a result of this transaction, Deliveroo’s issued share capital now stands at 1,566,668,921 Ordinary Shares, with 13,059,772 held in treasury, adjusting the total number of voting rights to 1,553,609,149. This action reflects Deliveroo’s strategic financial management as it aims to optimize its capital structure and potentially enhance shareholder value.

More about Deliveroo plc Class A

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. It partners with approximately 186,000 restaurants, grocers, and retailers, while engaging around 135,000 riders to offer a premier on-demand delivery experience globally. Headquartered in London, Deliveroo operates in 10 markets including Belgium, France, Hong Kong, Italy, Ireland, Kuwait, Qatar, Singapore, UAE, and the UK.

YTD Price Performance: -4.65%

Average Trading Volume: 4,303,436

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.02B

For detailed information about ROO stock, go to TipRanks’ Stock Analysis page.

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