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LONDON - Food delivery company Deliveroo (OTC:DROOF) plc announced Monday it has applied to the Financial Conduct Authority and London Stock Exchange (LON:LSEG) for a block listing of 39,131,000 ordinary shares of 0.5 pence each.
The shares will be admitted to the equity shares category of the Official List and to trading on the main market of the London Stock Exchange, with admission expected to become effective on Tuesday.
According to the company’s statement, the block listing shares will be issued as needed to fulfill vesting awards and exercise of share options under various Deliveroo share plans. The allocation includes 6,205,000 shares for restricted stock units, 29,250,000 shares for the Deliveroo Incentive Plan, 3,605,000 shares for the US Sub Plan, and 71,000 shares for the France Sub Plan.
The company noted that its existing block listing balance of 32,526,878 ordinary shares will remain in place. When issued, the new shares will rank equally with Deliveroo’s existing ordinary shares.
Deliveroo, founded in 2013, operates in nine markets including the United Kingdom (TADAWUL:4280), France, Italy, and several Middle Eastern countries. The company works with approximately 178,000 restaurant, grocery and retail partners and around 130,000 riders.
This announcement was made via a regulatory news service filing to the London Stock Exchange.
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