Flutter Entertainment Makes Strategic Move by Acquiring and Cancelling its Own Ordinary Shares

Flutter Entertainment, a renowned player in the world of gaming, recently unveiled its strategic move of acquiring a significant number of its own ordinary shares through its trusted broker, Goldman Sachs & Co. LLC. The shares, once procured, were promptly cancelled. This astute move has been set in motion to further Flutter’s plans to rally a buyback program, one of the most notable in recent market history.

To delve deeper into the specifics, this segment of the buyback plan rolled out on April 7, 2025. It inculcated shares from various trading venues including BATS, BATY, EPRL, KNMX, MEMX, NASD, NQBX, NYSE, PCSE, and XCIS. The prices paid for the shares varied with an average price in the realm of $200 per share, with some prices going beyond $200 and few dipping below it. A staggering total number of 6,533 shares were acquired, reinforcing Flutter’s financial muscle and strategic intentions.

The whole operation was carried out in accordance with regulation laws established in the United Kingdom and was executed seamlessly by Goldman Sachs & Co. LLC. This is yet another strategic move demonstrating Flutter’s proactive stance in fortifying its financial position and market standing.