31st Oct 2023 10:07
(Alliance News) - Deliveroo PLC on Tuesday said it has bought back GBP250 million in shares, as part of its tender offer.
The London-based delivery services firm said it has bought 192.3 million A shares at a strike price of 130 pence each. The shares represent 10.6% of Deliveroo's issued share capital.
Shares in Deliveroo were up 4.5% to 126.25p each in London on Tuesday morning.
The tender offer was announced on September 28 and closed on Friday last week.
On Tuesday, Deliveroo said it will resume on-market share purchases to buy back additional A ordinary shares, up to a maximum consideration of GBP5.8 million. The programme is expected to be completed by the end of 2023.
By Sophie Rose, Alliance News reporter
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