Flutter Entertainment PLC has announced the launch of the fifth tranche of its share repurchase program, with a maximum aggregate consideration of up to $250 million. The buyback, which will commence on March 12, 2026, on the New York Stock Exchange, is part of a multi-year share repurchase program of up to $5 billion that was announced on September 25, 2024.
Goldman Sachs & Co. LLC will conduct the buyback on Flutter's behalf, with a maximum of 17,674,003 ordinary shares to be acquired, less the total amount of ordinary shares acquired since June 5, 2025, as part of the second, third, and fourth tranches of the share buyback program.
The buyback will be conducted within the parameters prescribed by Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as well as the EU Market Abuse Regulation (596/2014) and Commission Delegated Regulation (EU) 2016/1052.
The decision regarding the amount and timing of any future buyback tranche will be based on an ongoing assessment of the capital needs of the business and general market conditions. The market has reacted to these announcements by moving the company's shares -6.28% to a price of $188.46. For more information, read the company's full 8-K submission here.
