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Flutter Cancels New Tranche of Shares Under Ongoing $5 Billion Buyback

Story Highlights
  • Flutter redeemed and cancelled 11,860 U.S.-traded shares, cutting its share count.
  • The transaction advances Flutter’s $250 million buyback within a broader $5 billion plan.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Flutter Cancels New Tranche of Shares Under Ongoing $5 Billion Buyback

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Flutter Entertainment PLC ( (FLUT) ) has issued an update.

Flutter Entertainment plc has continued executing its capital return strategy by redeeming and cancelling 11,860 ordinary shares in the U.S. market on April 30, 2026, at a volume-weighted average price of $106.4959 per share. The trades, carried out via Goldman Sachs & Co. LLC across multiple U.S. trading venues, reduced the company’s outstanding share count to 173,972,199.

This latest tranche forms part of Flutter’s previously announced $250 million buyback over a 10-week period beginning March 12, 2026, and sits within a broader plan to repurchase up to $5 billion of shares. The ongoing buyback underscores management’s focus on capital allocation and shareholder returns, while also triggering regulatory disclosure requirements under U.K. market abuse and listing rules.

More about Flutter Entertainment PLC

Flutter Entertainment plc is a global online sports betting and gaming group operating across regulated markets, including the U.S. and Europe. The company offers sportsbook, online casino, poker and fantasy sports products through a portfolio of well-known brands, and competes for market share in the fast-growing digital gambling and iGaming industry.

For detailed information about FLUT stock, go to TipRanks’ Stock Analysis page.

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