News Insights
In recent developments, Deliveroo PLC has engaged in multiple transactions under its share purchase program, actively repurchasing its ordinary shares during early February 2025. The company purchased a total of 3,103,900 shares across several dates, starting with 903,057 shares on February 4, 975,171 shares on February 3, and 673,874 shares on January 31, along with further transactions on January 30 and 29. The purchases were executed through Goldman Sachs International and are intended to be cancelled, which suggests a strategy aimed at reducing the overall number of shares outstanding, potentially enhancing shareholder value.
Financially, the prices of shares purchased varied, with the highest price during these transactions reaching approximately £1.3540 and the lowest at about £1.2780. The aggregate volume-weighted average paid per share across these transactions ranged from approximately £1.3082 to £1.3413. As of January 31, 2025, Deliveroo reported a total issued share capital consisting of 1,566,668,921 shares, with 18,681,179 shares held in treasury, resulting in a total of 1,547,987,742 voting rights available to shareholders. This strategic move evidences the company's commitment to managing its capital structure effectively while providing a potential boost to shareholder returns.
Show more