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.