Deliveroo plc Class A ( (GB:ROO) ) has shared an announcement.
Deliveroo has announced an extension of its share purchase programme, initially declared in August 2024, increasing the total purchase amount to £250 million. This move, involving an agreement with Goldman Sachs International, aims to buy back and cancel up to 56,052,466 Ordinary Shares under existing and future shareholder-approved buyback authorities, potentially impacting the company’s market positioning and 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 retail partners, and employs around 135,000 riders to provide 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: -13.74%
Average Trading Volume: 5,212,249
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.78B
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