NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) — Flutter Leisure plc (“Flutter”) (NYSE:FLUT; LSE:FLTR), the world’s main on-line sports activities betting and iGaming operator, declares that it has entered into non-discretionary preparations with Goldman Sachs & Co. LLC to repurchase peculiar shares on Flutter’s behalf for an combination most consideration of as much as $300 million on the New York Inventory Alternate (the “Buyback”).
The Buyback will begin on April 1, 2025 on the New York Inventory Alternate, and can finish no later than June 30, 2025. The aim of the Buyback is to scale back the share capital of Flutter. This Buyback is the second tranche of the multi-year share repurchase program of as much as $5bn introduced on September 25, 2024. In 2025, we anticipate to return roughly $1bn to shareholders by way of this system.
Goldman Sachs & Co. LLC will conduct the Buyback on Flutter’s behalf and can make buying and selling selections underneath the Buyback independently of Flutter in accordance with sure pre-set parameters. The utmost variety of peculiar shares which can be acquired pursuant to the Buyback is an combination of 17,739,905 peculiar shares much less the full quantity of peculiar shares acquired as a part of the primary tranche of our share buyback programme introduced on November 13, 2024.
The Buyback will likely be carried out inside the parameters prescribed by (i) Rule 10b5-1 and Rule 10b-18 underneath the U.S. Securities Alternate Act of 1934, as amended and (ii) the EU Market Abuse Regulation (596/2014) and Fee Delegated Regulation (EU) 2016/1052 as such laws types a part of legislation in the UK pursuant to the EU (Withdrawal) Act 2018 (as could also be amended, prolonged and/or supplemented sometimes). The repurchased peculiar shares will likely be cancelled.
Any choice in relation to the quantity and timing of any future buyback tranche will likely be primarily based on an ongoing evaluation of the capital wants of the enterprise and common market circumstances.
Ahead-Trying Statements
This press launch comprises “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995, together with with relation to our share repurchase program. These statements replicate our present expectations as to future occasions primarily based on sure assumptions and embody any assertion that doesn’t straight relate to any historic or present truth. In some circumstances, you’ll be able to establish these forward-looking statements by means of phrases equivalent to “outlook”, “imagine(s)”, ”anticipate(s)”, “potential”, “proceed(s)”, “could”, “will”, “ought to”, “may”, “would”, “search(s)”, “predict(s)”, “intend(s)”, “traits”, “plan(s)”, “estimate(s)”, “anticipates”, “projection”, “objective”, “goal”, “aspire”, “will doubtless consequence”, and or the unfavorable model of those phrases or different comparable phrases of a future or forward-looking nature. Such forward-looking statements are topic to varied dangers and uncertainties. Accordingly, there are or will likely be vital components that might trigger precise outcomes or outcomes to vary materially from these indicated in these statements. Components that might trigger the Firm’s outcomes to vary materially from these described within the forward-looking statements could be present in Half I, “Merchandise 1A. Danger Components” of the Firm’s Annual Report on Kind 10-Ok for the fiscal 12 months ended December 31, 2024 as filed with the Securities and Alternate Fee (SEC) and different periodic filings with the SEC, that are accessible on the SEC’s web site at www.sec.gov. Accordingly, there are or will likely be vital components that might trigger precise outcomes or outcomes to vary materially from these indicated in these statements. These components shouldn’t be construed as exhaustive and ought to be learn together with the opposite cautionary statements which might be included within the Firm’s filings with the SEC. The Firm undertakes no obligation to publicly replace or evaluate any forward-looking assertion, whether or not on account of new info, future developments or in any other case, besides as required by legislation.
About Flutter Leisure plc
Flutter is the world’s main on-line sports activities betting and iGaming operator, with a market main place within the US and the world over. Our ambition is to leverage our vital scale and our challenger mindset to alter our trade for the higher. By Altering the Sport, we imagine we are able to ship long-term progress whereas selling a optimistic, sustainable future for all our stakeholders. We’re well-placed to take action via the distinctive, international benefits of the Flutter Edge, which supplies our manufacturers entry to group-wide advantages to remain forward of the competitors, in addition to our clear imaginative and prescient for sustainability via our Constructive Influence Plan.
Flutter operates a various portfolio of main on-line sports activities betting and iGaming manufacturers together with FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Energy, Sisal, tombola, Betfair, MaxBet, Junglee Video games and Adjarabet. We’re the trade chief with $14,048m of income globally for fiscal 2024, up 19% YoY, and $3,792m of income globally for the quarter ended December 31, 2024.
To study extra about Flutter, please go to our web site at www.flutter.com.
The individual answerable for arranging launch of this Announcement on behalf of Flutter is Edward Traynor, Firm Secretary of Flutter.
Enquiries:
Investor Relations: Investor.relations@flutter.com
Media Relations: corporatecomms@flutter.com
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