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Flutter Entertainment PLC ( (FLUT) ) just unveiled an announcement.
Flutter Entertainment plc has redeemed and cancelled 118 of its ordinary shares in the United States on April 6, 2026, at a volume-weighted average price of $104.6871 per share, executed via broker Goldman Sachs & Co. LLC. The move is part of the company’s ongoing $250 million 10-week buyback tranche launched in March 2026, itself within a broader plan to repurchase up to $5 billion of shares, reducing the share count to 174,392,074 and underscoring continued capital returns to shareholders under U.K. market regulations.
The latest transactions, conducted across venues including the NYSE, NQBX and BATY, highlight Flutter’s active use of buybacks as a capital management tool. By shrinking its equity base while complying with U.K. market abuse and listing rules disclosure requirements, the group signals confidence in its valuation and provides incremental support to earnings per share and existing investors’ stakes.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global gambling and online sports betting group, operating a portfolio of gaming and wagering brands across key regulated markets. The company focuses on digital betting and gaming products, with its ordinary shares listed and traded in both the United States and the United Kingdom.
See more insights into FLUT stock on TipRanks’ Stock Analysis page.