Last checked at 1 Sep 2022 07:00
1 September 2022
Deliveroo plc ("Deliveroo" or the "Company")
EBT Share Purchase Programme
Further to the announcement made by Deliveroo in its half-yearly financial report 2022, the Company announces that Ocorian Limited ("Ocorian" or the "Trustee"), which administers the Roofoods Ltd Employee Benefit Trust (the "EBT") will start making market purchases of Class A ordinary shares of 0.5p each in the Company ("A Shares") (the "EBT Share Purchase Programme"). The EBT Share Purchase Programme will, unless terminated by either Goldman Sachs International or the Trustee at an earlier date, expire on 28 February 2023. Shares purchased under the EBT Share Purchase Programme will be used to satisfy employee share-based compensation awards.
Under the EBT Share Purchase Programme, the Trustee will instruct Goldman Sachs International, as broker, to acquire A Shares for the EBT. Purchases under the EBT Share Purchase Programme will be limited to £75,000,000 of A Shares (by market value). Purchases under the EBT Share Purchase Programme will be carried out in compliance with the provisions of Chapter 12 of the Financial Conduct Authority's Listing Rules in respect of price and volume requirements, Article 5 of the Market Abuse Regulation No.596/2014 and Article 3 of Commission Delegated Regulation (EU) 2016/1052, which require that: (a) the maximum price paid for such A Shares shall be an amount equal to the higher of: (i) 5% above the average of the closing price of the A Shares as derived from the Primary Exchange Daily Official List for the five business days before the purchase is made; (ii) the price of the last independent trade of A Shares on the venue where the purchase is carried out; (iii) the highest current independent bid for an A Share as derived from the trading venue where the purchase is carried out; and (b) purchases of such A Shares will be limited to 25% of the average daily volume of A Shares for the last 20 days on the trading venue on which the purchases are carried out.
Ocorian, as Trustee of the EBT, can hold up to 5% of the Company's issued Class A ordinary share capital and has absolute discretion and independence in respect of all trading decisions it may make in respect of the purchase of A Shares pursuant to the EBT Share Purchase Programme.
Contacts | |
Investor relations | |
David Hancock, VP Investor Relations Tim Warrington, Investor Relations Director | investors@deliveroo.co.uk |
Media relations | |
Joe Carberry, VP Communications | 07787 561 905 |
Tulchan Communications, James Macey White,Jessica Reid, Mark Burgess | Deliveroo@tulchangroup.com
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About Deliveroo
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 180,000 best-loved restaurants and grocery partners, as well as around 180,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe. Deliveroo operates across 11 markets, including Australia, Belgium, France, Hong Kong, Italy, Ireland, Netherlands, Singapore, United Arab Emirates, Kuwait and the United Kingdom. Further information regarding Deliveroo is available on the Company's website at https://corporate.deliveroo.co.uk/.