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Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment has continued its share buyback programme, redeeming and cancelling 402 ordinary shares on April 27 in U.S. markets via broker Goldman Sachs at a volume-weighted average price of about $110.85. The trades form part of a previously announced plan to repurchase up to $250 million of stock over 10 weeks and up to $5 billion in total, reducing the share count to 174,010,643 and underscoring management’s capital-return focus and confidence in the group’s valuation.
The latest repurchases, executed across venues including NASDAQ, NYSE, BATS, BATY and PCSE, contribute incrementally to shrinking Flutter’s free-float and may enhance earnings per share over time. By steadily executing on its sizeable buyback authorisation, the company reinforces its shareholder-friendly stance and signals ongoing balance-sheet strength in a competitive global betting and gaming sector.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports betting and gaming group, operating online and retail brands across regulated markets. The company offers sportsbooks, online casinos and related betting services, with a strong presence in the U.S. and other key international jurisdictions.
See more insights into FLUT stock on TipRanks’ Stock Analysis page.