11th Sep 2024 22:00
Deliveroo PLC - London-based food delivery company - Proposes transfer of ordinary shares from the equity shares (transition) category of the Financial Conduct Authority's official list to the equity shares (commercial companies) category. Notes new UK listing rules as cause for transfer. "As the new UKLRs create a new, simplified and more competitive listing regime in the UK, the Deliveroo board has concluded that it would be in the best interests of the company and its shareholders as a whole to effect the Transfer. Among benefits says the transition will provide "an appropriate platform for continued growth and further raise its profile", "afford increased protection for investors under the UKLRs as a result of the higher standards placed on companies admitted to the equity shares (commercial companies) category", as well as make Deliveroo shares eligible for inclusion on the FTSE UK Index Series. As filled application to the FCA for the approval of the transfer to take effect October 10.
Current share price: 160.70 pence, closed up 4.8% in London on Wednesday
12-month change: up 37%
By Aidan Lane, Alliance News reporter
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