- Flutter Entertainment (FLUT, Financial) launches the third tranche of its share buyback program, valued at up to $225 million.
- The buyback is set to commence on July 1, 2025, and conclude by September 30, 2025.
- This initiative is part of a larger $5 billion multi-year program aimed at returning approximately $1 billion to shareholders in 2025.
Flutter Entertainment (FLUT), a prominent name in the online sports betting and iGaming industry, has announced the commencement of the third tranche of its share buyback program. This tranche allows the company to repurchase shares worth up to $225 million on the New York Stock Exchange (NYSE), signaling a continued commitment to shareholder returns.
The buyback program is scheduled to begin on July 1, 2025, with a completion deadline set for no later than September 30, 2025. This initiative is part of a broader $5 billion multi-year share repurchase program initially announced in September 2024. Through this program, Flutter aims to return approximately $1 billion to its shareholders throughout 2025.
Davy Securities Unlimited Company will independently execute the buyback, purchasing and canceling the shares, thereby reducing the total number of outstanding shares. This strategic share reduction is expected to enhance shareholder value by improving earnings per share and strengthening the company’s financial position.
The repurchase will adhere to the regulatory frameworks of Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as well as the EU Market Abuse Regulation, ensuring compliance with all necessary legal requirements.
