REG - Deliveroo PLC - Conversion of B Shares, Share Redesignation & TVR

DeliverooAnnouncement

05/04/2024 07:00

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RNS Number : 4077J  Deliveroo PLC  05 April 2024

5 April 2024

 

Deliveroo plc ("Deliveroo" or "the Company")

Conversion of B Shares, Share Redesignation and Total Voting Rights

 

Conversion of B Shares and Share Redesignation

The Company announces that pursuant to Article 60 of the Company's Articles of
Association, all of the 102,508,168 issued and outstanding B Ordinary Shares
of £0.005 each (the B Shares), will automatically convert into A Ordinary
Shares of £0.005 each of equivalent number at 11.59 pm on 7 April 2024 (the B
Share Conversion).

 

Following the B Share Conversion the Company will redesignate its issued and
outstanding A Ordinary Shares and will therefore have one class of shares in
issue, being Ordinary Shares of £0.005 each (the Redesignation).  Each
Ordinary Share will have the same rights and will be subject to the same
restrictions as those which are attached to each A Ordinary Share immediately
prior to the Redesignation.

Shareholders do not need to take any action regarding the Redesignation, which
will be automatically processed by our transfer agent, and existing share
certificates will continue to be valid. If shareholders have any questions or
require further information relating to the Redesignation, they should contact
the Company's Registrar, Equiniti.

The Company has notified the Financial Conduct Authority and the London Stock
Exchange  and has applied for the 102,508,168 Ordinary Shares arising from
the B Share Conversion and Redesignation to be admitted to the standard
segment of the Official List and to trading on the London Stock Exchange. It
is expected that admission will occur at 8.00 am on Monday, 8 April 2024.

 

For the purposes of Rule 9 of the Takeover Code, the Company confirms that no
Shareholder (together with persons acting in concert with it) will  become
interested in shares carrying 30% or more of the voting rights in the Company
as a result of the B Share Conversion and Redesignation.

 

Total Voting Rights

The Company's resulting issued share capital will comprise 1,626,660,019
Ordinary Shares and that number may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules. The
Company does not hold any shares in Treasury.

 

 Contacts
 Investor relations
 David Hancock, VP Finance, Strategy & IR                               investors@deliveroo.co.uk (mailto:investors@deliveroo.co.uk)

 Tim Warrington, Investor Relations Director

 Rohan Chitale, Investor Relations Director
 Media relations
 Michelle Lavipour, Head of Corporate Communications, UK & Ireland      michelle.lavipour@deliveroo. (mailto:michelle.lavipour@deliveroo.co.ik) co.uk
 Brunswick Group, Rosie Oddy & Jono Astley                              deliveroo@brunswickgroup.com (mailto:Deliveroo@tulchangroup.com)

 

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