15th Sep 2022 14:03
Deliveroo PLC - London-based online food delivery service - Says the High Court of England & Wales has approved the cancellation of the company's share premium account. Says the capital reduction will become effective upon the registration of the court order by the Registrar of Companies. Adds that the capital reduction will not change the number of the company's A ordinary shares or B ordinary shares in issue.
In its 2021 annual report, Deliveroo said it intended to undertake a court-approved capital reduction to cancel the amount standing to the credit of its share premium account in full. "The capital reduction, when completed, will create distributable reserves to allow the company (among other things) to pay dividends in the future," it said.
Current stock price: 94.02 pence
12-month change: down 72%
By Sophie Rose; [email protected]
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