Flutter Redeems and Cancels Shares as Part of Ongoing $5bn Buyback
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Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment plc has continued its previously announced share buyback, redeeming and cancelling 32,507 ordinary shares in the U.S. market on 2 April 2026 at a volume-weighted average price of about $100.01 per share. The trades, executed across multiple U.S. trading venues through Goldman Sachs & Co. LLC, reduce the company’s share count to 174,392,192 ordinary shares in issue.
The transaction forms part of Flutter’s plan to repurchase up to $250 million of stock over a 10-week period from 12 March 2026, within a broader authorization to buy back as much as $5 billion announced in 2024. By shrinking its equity base via ongoing cancellations, Flutter is signaling capital-return discipline and potentially enhancing earnings per share and shareholder value, while meeting regulatory disclosure requirements in the U.K. and EU-derived markets law.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global online gambling and sports betting operator, best known for brands such as FanDuel, Paddy Power and Betfair. The group offers online sports wagering, casino games and poker primarily in regulated markets, with a growing focus on the U.S. and other high-growth jurisdictions. It competes with major international gaming companies in both digital and retail betting channels.
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