Director/PDMR Shareholding

Deliveroo PLC

27 April 2023

 

27 April 2023

Deliveroo plc ("Company") 

Notification of transactions by Person Discharging Managerial Responsibility ("PDMR")

Vesting of RSU Award, Sale of Shares to Satisfy Tax Liabilities from Vesting of RSU Award and Overall Increase in Shareholding

As set out in the Company's prospectus dated 22 March 2021 and pricing statement dated 31 March 2021 (together, the "Prospectus") and in the Company's 2021 Directors Remuneration Report, Will Shu holds restricted stock unit awards ("RSUs"), awarded as a special pre-IPO one-off RSU award, under which a proportion of his awards vest on an annual basis. 4,204,450 RSUs vested on 26 April 2023 (the "26 April 2023 Vesting").

The Company has been informed that following the 26 April 2023 Vesting, Will Shu has sold 1,995,924 Class A Ordinary Shares to satisfy tax liabilities arising on the vesting of the RSUs. As Will Shu's RSUs vest into Class B Ordinary Shares, the same number of Class B Ordinary Shares were converted into Class A Ordinary Shares in accordance with the Company's articles of association in order to effect his sale. Will Shu will not retain any net proceeds as a result of the Transaction.

Details of the 26 April 2023 Vesting and the sale for tax are disclosed in the table below (together the "Transaction"). Following the vesting of shares since Admission and the Transaction, Will Shu's holding of Class B Ordinary Shares has increased to 102,508,168 (compared to 100,299,642 before the Transaction).  Will Shu holds no Class A Ordinary Shares.

The attached notification has been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018).

Contacts
Investor relations
David Hancock, VP Finance, Strategy & IR Tim Warrington, Investor Relations Director  Rohan Chitale, Investor Relations Director	[e-mail]
Media relations
Joe Carberry, VP Policy & Communications	[e-mail]
Teneo, James Macey White, Jessica Reid, Mark Burgess	[e-mail]

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	William Shu
2.	Reason for the notification
(a)	Position/status	Chief Executive Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Deliveroo plc
(b)	LEI	984500F6537F74DDEE77
4A.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument, type of instrument	Class B Ordinary Shares of 0.5p each
(b)	Identification code	ISIN: GB00BNC5T391
(c)	Nature of the transaction	The vesting of restricted stock unit awards under the Restricted Stock Units Contracts (RSUs).
(d)	Price(s) and volume(s)	Price(s) Volume(s) £1.062 4,204,450
(e)	Aggregated information -     Aggregated volume -     Price	4,204,450 £4,465,125.90
(f)	Date of Transaction	26 April 2023
(g)	Place of Transaction	Outside a trading venue
4B.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument, type of instrument	Class A Ordinary Shares of 0.5p each
(b)	Identification code	ISIN: GB00BNC5T391
(c)	Nature of the transaction	Sale of Class A Ordinary Shares to satisfy tax liabilities.
(d)	Price(s) and volume(s)	Price(s) Volume(s) £1,062 1,995,924
(e)	Aggregated information -     Aggregated volume -     Price	1,995,924 £2,119,671.29
(f)	Date of the transaction	26 April 2023
(g)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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