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NEW YORK - Flutter Entertainment plc (NYSE:FLUT; LSE:FLTR) announced Friday it will commence a fourth tranche of its share repurchase program, buying back shares for up to $245 million on the New York Stock Exchange.
The buyback will begin on October 1, 2025, and conclude no later than December 31, 2025. Davy Securities UC will conduct the repurchase independently of Flutter according to pre-set parameters.
This represents the fourth installment of Flutter’s multi-year share repurchase program of up to $5 billion announced in September 2024. The company expects to return approximately $1 billion to shareholders through the program in 2025.
The maximum number of ordinary shares that may be acquired in this tranche is 17,674,003, less the total shares already purchased in the previous three tranches announced in November 2024, March 2025, and May 2025.
Flutter stated the purpose of the buyback is to reduce its share capital. All repurchased shares will be canceled.
The buyback will be conducted within parameters prescribed by U.S. Securities Exchange Act rules and EU Market Abuse Regulation as incorporated into UK law.
According to the press release, decisions regarding the amount and timing of any future buyback tranches will depend on the company’s ongoing assessment of capital needs and general market conditions.
Flutter Entertainment describes itself as the world’s leading online sports betting and iGaming operator, with a portfolio that includes brands such as FanDuel, Sky Betting & Gaming, PokerStars, and Paddy Power (LON:FLTRF).
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