Flutter Cancels New Tranche of Shares Under Multi-Billion Buyback Plan
Claim 30% 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 redeemed and cancelled 66,869 of its ordinary shares in the U.S. market on April 15 via broker Goldman Sachs & Co. LLC, at a volume-weighted average price of $111.49. Following this latest tranche of buybacks, the group will have 174,039,580 ordinary shares in issue, modestly enhancing earnings per share and capital returns for investors.
The transaction is part of Flutter’s ongoing $250 million 10-week buyback launched in March 2026, itself a component of a wider plan to repurchase up to $5 billion of shares announced in 2024. The continued execution of this programme underscores management’s confidence in the company’s valuation and balance sheet strength, while also tightening the free float and potentially supporting the share price over time.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports betting and online gaming group whose brands span online sportsbooks, casino, poker and daily fantasy sports. The company focuses on regulated markets, with a growing presence in the U.S. and other key jurisdictions, and competes as one of the largest operators in the digital gambling industry worldwide.
For an in-depth examination of FLUT stock, go to TipRanks’ Overview page.
