REG - Doordash, Inc Deliveroo PLC - Update to post-offer intention statements

DoorDashAnnouncement

25/02/2026 09:30

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RNS Number : 3622U  Doordash, Inc  25 February 2026

The 'DOORDASH STATEMENT' announcement released on 25th February 2026 at
08:28:49 under RNS No 3563U  has been reformatted.

All material details remain unchanged.

The full text is shown below.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(B) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE").

FOR IMMEDIATE RELEASE

25 February 2026

DOORDASH, INC.

Rule 19.6(b) update to post-offer intention statements with regard to
Deliveroo Limited (formerly Deliveroo PLC)

DoorDash, Inc. ("DoorDash") announces that, further to the completion of its
recommended cash acquisition of the entire issued and to be issued share
capital of Deliveroo Limited (formerly Deliveroo plc) ("Deliveroo"), which was
implemented by way of a scheme of arrangement under Part 26 of the Companies
Act 2006 and which became effective on 2 October 2025 (the "Acquisition"), it
has taken certain courses of action which differ from the statements of
intentions made pursuant to Rules 2.7(c)(viii) and 24.2(a)(ii) to (iii) of the
Code (the "Stated Intentions"), as set out in the announcement issued on 6 May
2025 and the scheme document published on 22 May 2025.

The Stated Intentions described that during the six to 12-month period
following completion of the Acquisition, DoorDash intended to initiate a
detailed review of the operations of Deliveroo across the geographies in which
it operates.

Closure of Qatar and Singapore Operations

Following completion of the Acquisition, and during the course of the review
referred to above, DoorDash has decided to cease Deliveroo's operations in two
countries - Qatar and Singapore. Deliveroo will begin an orderly wind down
process in each country and will work closely with local teams and partners to
support employees, merchants, consumers, and riders through the transition.
Deliveroo's platform in both countries will remain live until 4 March 2026.

This decision follows a review of country-specific conditions, and DoorDash's
focus on delivering long-term value for its customers, merchants, and riders.
As a result of this decision, approximately 85 roles in Qatar and Singapore
combined will be impacted.

Streamlining of Indian Engineering Hub into one Location

Deliveroo's Bengaluru engineering hub will also be closed. The decision will
impact approximately 102 employees, and will see Deliveroo's Hyderabad
location become its sole engineering hub in India.

By centralising talent, DoorDash aims to streamline organisational structure
in the region, enabling faster, more effective decision-making. Some Bengaluru
engineering employees will be offered relocation opportunities to Hyderabad or
remote options. Further, as a result of these changes,  Deliveroo can
continue to further invest in certain engineering roles in the UK.

DoorDash continues to believe the Acquisition will strengthen DoorDash's
position as a leading global platform in local commerce. Since the
Acquisition, this view has been reinforced: as noted in DoorDash's Fourth
Quarter and Full Year 2025 earnings release (the "Earnings Release"),
year-over-year growth in Total Orders (as defined in the Earnings Release)
accelerated in Q4 2025. Furthermore, DoorDash continues to believe the largest
opportunity to generate long-term returns at Deliveroo will come from
investing in its people and products in order to generate better outcomes for
consumers, merchants, and riders.

 

 

 

 

Enquiries

DoorDash

Ali Musa, Director, Corporate Communications, ali.musa@doordash.com
(mailto:ali.musa@doordash.com)

Deliveroo

George Greenspan, Head of Corporate Communications UK&I,
george.greenspan@deliveroo.co.uk (mailto:george.greenspan@deliveroo.co.uk)

Rosie Oddy, Brunswick, deliveroo@brunswickgroup.com
(mailto:deliveroo@brunswickgroup.cm)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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