REG - Flutter Entertainmnt - US listing update and Notice of Q4 trading update

Flutter EntertainmentAnnouncement

08/12/2023 07:15

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RNS Number : 1047W  Flutter Entertainment PLC  08 December 2023

8 December 2023

Flutter Entertainment plc ("Flutter")

Update on additional US listing

Notice of Q4 and FY 2023 trading update

 

Flutter confirms that, subject to the public filing and effectiveness of its
Form 20-F Registration Statement with the U.S. Securities and Exchange
Commission, it is working toward an effective listing date for its ordinary
shares on the New York Stock Exchange ("NYSE") of Monday, 29 January 2024.

As previously communicated, Flutter believes that it is appropriate to
maintain just two listings to minimise regulatory complexities and has
notified Euronext Dublin of its intention to cancel its secondary listing on
Euronext Dublin with effect from 8.00 am (GMT) on Monday, 29 January 2024.
The last day of trading of Flutter's ordinary shares on Euronext Dublin will
be Tuesday 23 January 2024, with trading suspended from close of business on
that day to allow for the settlement of pending trades and repositioning
instructions, in advance of effectiveness of the US listing.

In connection with the anticipated cancellation of its Euronext Dublin
listing, Flutter notes the STOXX decision to remove Flutter from the EUROSTOXX
index, effective 18 December. Flutter's premium listing on the London Stock
Exchange ("LSE") and inclusion in the FTSE 100 index will not be affected by
the addition of this US listing. Flutter's shares will continue to trade on
the LSE under its existing ticker symbol: "FLTR". From the point of the US
listing, Flutter will also trade on the NYSE under the ticker symbol: "FLUT".

Flutter will report full year results for the 12 months ended 31 December 2023
under US GAAP on 26 March 2024. Ahead of this date, Flutter will release a
brief trading update for the three-month period ended 31 December 2023 and 12
months ended 31 December 2023 on 18 January 2024 at 7.00 am (GMT).

The expected timetable of principal events during January 2024 for the
implementation of the US listing and de-listing from Euronext Dublin is set
out in greater detail at Appendix I together with guidelines for shareholders.

Further announcements will be made prior to the US listing becoming effective
as required.

Euronext migration enquiries

For all shareholder enquiries relating to management of the Euronext migration
process please refer to the FAQ available on Flutter's website here.
(https://www.flutter.com/investors/shareholder-information/agm/)

Further assistance is available via Flutter@georgeson.com
(mailto:Flutter@georgeson.com) or the following dedicated support lines:

Ireland:                 +353 1 696 8470

UK:                         +44 370 703 6320

 

General enquiries

 

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

Press: corporatemedia@flutter.com (mailto:corporatemedia@flutter.com)

 

Appendix I

Principal events

 Event                                                                        Expected time(1) and/or date(2)
 Post-close trading update in respect of FY 2023                              18 January 2024
 Last day of trading in Flutter ordinary shares on Euronext Dublin            23 January 2024
 Suspension of trading in Flutter ordinary shares on Euronext Dublin          Close of business on 23 January 2024
 Last day for settlement of final trades placed on Euronext Dublin            25 January 2024
 Latest time to complete repositioning between Euronext Dublin and CREST by   11.00 am, 26 January 2024
 instructing deposit of shares into the CREST system to be held as CREST
 Depository Interests
 Targeted US Listing Record Date for migration of Flutter ordinary shares     5.00 pm, 26 January 2024
 Targeted date for Commencement of trading in Flutter ordinary shares on the  29 January 2024
 NYSE
 De-listing of shares on Euronext Dublin                                      8.00 am, 29 January 2024

 

Shareholder guidelines

In order for Flutter's shares to be listed on the NYSE, the settlement system
applicable to Flutter's shares will be migrated from the system operated by
Euroclear Bank to the Depository Trust Company (the "Migration").  The
effects of the Migration for shareholders will depend on the manner in which
their shares are held and shareholders are encouraged to consult the FAQ
available on Flutter's website here
(https://www.flutter.com/investors/shareholder-information/agm/) which sets
out details of actions (including deadlines) which certain categories of
shareholders may take to ensure the continued, efficient management of their
shareholding following the Migration.

In particular, to ensure that interests in Flutter shares currently held in
the Euroclear Bank settlement system are transferred to the Depository Trust
Company settlement system as part of the Migration Euroclear Bank
participants will need to reposition their holding of interests in Flutter
shares into the CREST settlement system - to be held in the form of CREST
Depository Interests representing Flutter shares. Any such repositioning will
need to have settled prior to the US Listing Record Date which the Flutter
Board currently expects for the purposes of Article 141 of Flutter's articles
of association will be 5.00 pm (GMT) on Friday, 26 January 2024. Accordingly,
shareholders are encouraged to take the required action in good time ahead of
the expected US Listing Record Date. The latest time to complete a
repositioning into CREST expected to be 11.00 am (GMT) on Friday, 26 January
2024.

Notes:

1    All references in this table to times are to Greenwich Mean Time.

2    Some of these dates are given on the basis of the Flutter Board of
Directors' current expectations and are subject to change. If any of the above
times and/or dates change, the revised times and/or dates will be notified to
shareholders by announcement through a Regulatory Information Service of the
London Stock Exchange and Euronext Dublin.

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