Flutter cancels 89,047 shares in latest leg of $5bn buyback
Easter Sale - 70% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Flutter Entertainment PLC ( (FLUT) ) has issued an announcement.
Flutter Entertainment plc has continued its previously announced share buyback programme, repurchasing 89,047 ordinary shares in the U.S. market on 9 April 2026 via Goldman Sachs & Co. LLC for a volume-weighted average price of $104.44 per share. The redeemed shares will be cancelled, reducing the company’s share count to 174,194,506 ordinary shares in issue and contributing to Flutter’s broader plan to repurchase up to $250 million of stock over 10 weeks as part of a longer-term $5 billion capital return strategy.
The latest transaction underscores Flutter’s ongoing use of share buybacks to manage its capital structure and return cash to shareholders alongside its U.S. listing. By steadily shrinking its free float, the company may enhance earnings per share and signal confidence in its valuation, while also complying with U.K. market abuse and listing regulations governing issuer share repurchases.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports betting and online gaming company whose brands offer wagering, iGaming and related digital entertainment services across regulated markets. The group focuses on scale, technology and multi-jurisdictional operations to compete in the rapidly consolidating online gambling industry, particularly in the U.S. and Europe.
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.
