REG - FlutterEntertainment - Launch of Third Tranche of Share Buyback Program

Flutter EntertainmentAnnouncement

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RNS Number : 8043H  Flutter Entertainment PLC  08 May 2025

FOR IMMEDIATE RELEASE

 

Flutter Entertainment plc announces launch of third tranche of share
repurchase program

 

New York, May 8, 2025: Flutter Entertainment plc ("Flutter") (NYSE:FLUT;
LSE:FLTR), the world's leading online sports betting and iGaming operator,
announces that it has entered into non-discretionary arrangements with Davy
Securities Unlimited Company to repurchase ordinary shares on Flutter's behalf
for an aggregate maximum consideration of up to $225 million on the New York
Stock Exchange (the "Buyback").

 

The Buyback will commence on July 1, 2025 on the New York Stock Exchange, and
will end no later than September 30, 2025. The purpose of the Buyback is to
reduce the share capital of Flutter. This Buyback is the third tranche of the
multi-year share repurchase program of up to $5bn announced on September 25,
2024. In 2025, we expect to return approximately $1bn to shareholders via the
program.

Davy Securities Unlimited Company will conduct the Buyback on Flutter's behalf
and will make trading decisions under the Buyback independently of Flutter in
accordance with certain pre-set parameters. The maximum number of ordinary
shares which may be acquired pursuant to the Buyback is an aggregate of
17,739,905 ordinary shares less the total amount of ordinary shares acquired
as part of both the first tranche of our share buyback programme announced on
November 13, 2024 and the second tranche of our share buyback programme
announced on March 5, 2025.

The Buyback will be conducted within the parameters prescribed by (i) Rule
10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as
amended and (ii) the EU Market Abuse Regulation (596/2014) and Commission
Delegated Regulation (EU) 2016/1052 as such legislation forms part of law in
the United Kingdom pursuant to the EU (Withdrawal) Act 2018 (as may be
amended, extended and/or supplemented from time to time). The repurchased
ordinary shares will be cancelled.

Any decision in relation to the amount and timing of any future buyback
tranche will be based on an ongoing assessment of the capital needs of the
business and general market conditions.

 

Forward-Looking Statements

 

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including with relation
to our share repurchase program. These statements reflect our current
expectations as to future events based on certain assumptions and include any
statement that does not directly relate to any historical or current fact. In
some cases, you can identify these forward-looking statements by the use of
words such as "outlook", "believe(s)", "expect(s)", "potential",
"continue(s)", "may", "will", "should", "could", "would", "seek(s)",
"predict(s)", "intend(s)", "trends", "plan(s)", "estimate(s)", "anticipates",
"projection", "goal", "target", "aspire", "will likely result", and or the
negative version of these words or other comparable words of a future or
forward-looking nature. Such forward-looking statements are subject to various
risks and uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially from those
indicated in these statements. Factors that could cause the Company's results
to differ materially from those described in the forward-looking statements
can be found in Part I, "Item 1A. Risk Factors" of the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2023 as filed with the
Securities and Exchange Commission (SEC) and other periodic filings with the
SEC, which are accessible on the SEC's website at www.sec.gov
(http://www.sec.gov) . Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially from those
indicated in these statements. These factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included in the Company's filings with the SEC. The
Company undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information, future
developments or otherwise, except as required by law.

 

About Flutter Entertainment plc

Flutter is the world's leading online sports betting and iGaming operator,
with leading positions in markets across the world, including the US. Our
ambition is to leverage our significant scale and our challenger mindset to
change our industry for the better. By Changing the Game, we believe we can
deliver long-term growth while promoting a positive, sustainable future for
all our stakeholders. We are well-placed to do so through the distinctive,
global competitive advantages of the Flutter Edge, which gives our brands
access to group-wide benefits to stay ahead of the competition, as well as our
clear vision for sustainability through our Positive Impact Plan.

Flutter operates a diverse portfolio of leading online sports betting and
iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet,
PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, Junglee Games and
Adjarabet.

To learn more about Flutter, please visit our website at www.flutter.com
(http://www.flutter.com/) .

The person responsible for arranging release of this Announcement on behalf of
Flutter is Edward Traynor, Company Secretary of Flutter.

 

Enquiries:

Investor Relations: Investor.relations@flutter.com
(mailto:Investor.relations@flutter.com)

Media Relations: corporatecomms@flutter.com
(mailto:corporatecomms@flutter.com)

 

Links:

Sign up to our RNS and SEC alerts here
(https://www.flutter.com/investors/email-alerts/)

Sign up to our Press Releases here
(https://www.flutter.com/news-and-insights/press-releases/)

Follow Flutter Entertainment on LinkedIn
(https://www.linkedin.com/company/flutter-entertainment) or X
(https://x.com/flutterent?lang=en)

 

 

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