Flutter Redeems More Shares Under $5 Billion Buyback Plan
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Flutter Entertainment PLC ( (FLUT) ) has provided an update.
Flutter Entertainment has continued its U.S. share buyback programme, redeeming and cancelling 111,572 ordinary shares on April 8 at a volume-weighted average price of $109.22. The transaction, executed through Goldman Sachs across multiple trading venues, reduces the company’s share count to 174,270,298 and forms part of a previously announced $250 million buyback over 10 weeks and a broader plan to repurchase up to $5 billion of stock.
By shrinking its share base, Flutter is returning capital to investors and potentially enhancing earnings per share, underscoring management’s confidence in the group’s valuation and long-term growth prospects. The incremental buybacks also signal an ongoing commitment to shareholder-friendly capital allocation as the company consolidates its position in the competitive global betting and gaming sector.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports betting and online gaming operator, best known for brands such as FanDuel, Paddy Power and Betfair. The company focuses on regulated markets, offering sportsbook, casino, poker and other real-money gaming products, with a strong presence in the U.S. and other key international jurisdictions.
Find detailed analytics on FLUT stock on TipRanks’ Stock Analysis page.
