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LONDON - Deliveroo (OTC:DROOF) PLC (LSE:ROO) has announced that Will Shu, a key managerial figure and director at the company, has increased his support for the proposed acquisition by DoorDash, Inc. (NYSE:NASDAQ:DASH). Following the vesting of restricted stock units (RSUs) on Thursday, Shu’s total beneficial holding in Deliveroo has risen to 6.614% of the issued share capital, up from 6.398%.
The vesting of 6,152,000 RSUs on May 15, 2025, resulted in Shu selling 2,909,118 shares to cover tax liabilities while retaining 3,242,882 shares. This change has boosted the number of shares under Shu’s irrevocable undertaking to DoorDash from 95,762,495 to 99,005,377 shares, which now represents approximately 6.614% of Deliveroo’s current issued share capital, excluding treasury-held shares.
This commitment aligns with the terms of Shu’s RSU award detailed in Deliveroo’s Prospectus dated March 22, 2021, and the Directors’ Remuneration Report 2021. The irrevocable undertaking is a formal agreement to vote in favor of the acquisition scheme at the upcoming General Meeting, or, if the acquisition is structured as a takeover offer, to accept the offer.
As a result of Shu’s increased stake, the total number of Deliveroo shares now subject to irrevocable undertakings by directors has risen from approximately 6.462% to about 6.68% of the company’s shares, excluding those held in treasury.
The acquisition by DoorDash was first announced on May 6, 2025, with Deliveroo directors initially committing to the transaction. This latest development indicates a strengthening of director support for the deal.
The information is based on a press release statement from Deliveroo.
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