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Flutter Entertainment PLC ( (FLUT) ) has issued an update.
Flutter Entertainment has redeemed and cancelled 179,729 of its ordinary shares in the U.S. market on March 20, 2026, at a volume‑weighted average price of $104.77, via broker Goldman Sachs & Co. LLC. The move reduces the company’s shares in issue to 174,952,368 and reflects ongoing execution of its previously announced $250 million, 10‑week buyback tranche within a broader $5 billion capital return program, signaling active balance‑sheet management and a shareholder‑friendly capital allocation stance.
The latest transactions, carried out across multiple U.S. trading venues, underline Flutter’s commitment to returning excess capital while potentially enhancing earnings per share through a smaller equity base. For investors, the sustained pace of redemptions reinforces management’s confidence in the group’s valuation and long‑term prospects in the online betting and gaming sector, though it modestly concentrates ownership among remaining shareholders.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports betting and online gaming group whose brands offer wagering, iGaming and related digital entertainment products across multiple regulated markets. The company is listed in both the U.S. and U.K., giving it access to deep capital markets as it scales within the competitive global betting and gaming industry.
Find detailed analytics on FLUT stock on TipRanks’ Stock Analysis page.