Deliveroo plc (LSE:ROO) commences share repurchases on September 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 20, 2022. As per the mandate, the company is authorized to repurchase up to 185,572,481 Class A shares, representing 10.57% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.005 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company's obligations under its employee share schemes. The authority shall expire at the conclusion of the next Annual General Meeting of the company to be held in 2023 or, if earlier, August 19, 2023. As of April 1, 2022, the company had 1,755,425,173 Class A shares in issue and 0 ordinary shares in treasury.

On August 10, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to £75 million worth of its Class A Ordinary Shares. Shares purchased under the plan will be used to satisfy employee share-based compensation awards. The repurchases will begin on September 1, 2022 and will be valid till February 28, 2023.