Last checked at 31 Mar 2023 17:56
31 March 2023
Deliveroo plc ("Deliveroo" or "the Company")
Share Purchase Programme
Further to the announcement made by Deliveroo in its FY2022 Preliminary Results on 16 March 2023, the Company announces that it will commence a share purchase programme to purchase Class A Ordinary Shares of 0.5p each in the capital of the Company ("A Shares") of up to a maximum consideration of £50 million (the "Share Purchase Programme").
It is intended that the Share Purchase Programme will be completed in the period up to 31 December 2023. A Shares purchased under the Programme will be held in treasury and used to meet obligations arising from employee share plans or other allocations of A Shares to employees, or cancelled.
The maximum number of A Shares that may be repurchased under the Share Purchase Programme is 185,572,481 A Shares, being the number of A Shares the Company is authorised to purchase pursuant to the authority granted by shareholders at the Annual General Meeting on 20 May 2022 (the "AGM Authority"). To date, no A Shares have been repurchased pursuant to the AGM Authority.
The Company has entered into an agreement with Goldman Sachs International ("GSI") under which it has issued an irrevocable instruction to GSI to manage the Share Purchase Programme. GSI will carry out the instruction through the acquisition of A Shares in the Company as riskless principal on the London Stock Exchange and/or Cboe Europe Limited through the BXE and CXE order books, and/or Turquoise. Shares purchased by GSI will be on-sold by GSI to the Company, and any purchases of Shares by the Company from GSI will be carried out on the London Stock Exchange.
The Share Purchase Programme will be executed by the Company in accordance with the Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052 (in each case as they form part of UK law pursuant to the European Union (Withdrawal) Act 2018), the AGM Authority and Chapter 12 of the Listing Rules of the Financial Conduct Authority (to which the Company will voluntarily comply with as an issuer with a standard listing).
Contacts | |
Investor relations | |
David Hancock, VP Finance, Strategy & IR Tim Warrington, Investor Relations Director Rohan Chitale, Investor Relations Director | investors@deliveroo.co.uk |
Media relations | |
Joe Carberry, VP Policy & Communications | 07787 561 905 |
Tulchan Communications, James Macey White,Jessica Reid, Mark Burgess
| deliveroo@tulchangroup.com
|
About Deliveroo
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 176,000 best-loved restaurants and grocery partners, as well as around 150,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe. Deliveroo operates across 10 markets, including Belgium, France, Hong Kong, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates and the United Kingdom.
Further information regarding Deliveroo is available on the Company's website at https://corporate.deliveroo.co.uk.