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Flutter Cancels Additional Shares as Part of Ongoing $5 Billion Buyback

Tipranks - Tipranks - Wed Apr 22, 5:14AM CDT

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Flutter Entertainment PLC ( (FLUT) ) has issued an announcement.

Flutter Entertainment plc has continued executing its U.S.-listed share buyback, redeeming and cancelling 1,788 ordinary shares on April 20 at a volume-weighted average price of about $108.79 per share across multiple trading venues. The transaction forms part of a previously announced $250 million 10-week repurchase tranche, nested within the group’s wider plan to buy back up to $5 billion of shares, and leaves 173,955,237 ordinary shares in issue, tightening the free float and signaling an ongoing commitment to capital return and balance-sheet efficiency for investors.

More about Flutter Entertainment PLC

Flutter Entertainment plc is a global online sports betting and gaming group whose brands include major sportsbook and iGaming platforms. The company focuses on regulated markets, offering digital wagering and gaming services to customers primarily in the U.S., U.K., Ireland, and other international jurisdictions.

For detailed information about FLUT stock, go to TipRanks’ Stock Analysis page.

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