01—Abstract
Summary
Summary of the 8-K filed August 8, 2025. Cited figures are marked; the original filing is the authoritative source.
Flutter Entertainment plc filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) to furnish an RNS announcement, made in compliance with UK Financial Conduct Authority disclosure rules, about the launch of the fourth tranche of its share repurchase program.
Flutter has entered into non-discretionary arrangements with Davy Securities UC to repurchase ordinary shares on its behalf for an aggregate maximum consideration of up to $245 milliona on the New York Stock Exchange. The buyback will commence on October 1, 2025 and end no later than December 31, 2025. Its stated purpose is to reduce the company's share capital, and repurchased shares will be cancelled.
The tranche is part of a multi-year share repurchase program of up to $5bnb announced on September 25, 2024, and the company expects to return approximately $1bn to shareholders via the program in 2025. Davy will make trading decisions independently under pre-set parameters, and the maximum number of shares that may be acquired is 17,674,003 less the shares already acquired under the first, second and third tranches (announced November 13, 2024, March 5, 2025 and May 8, 2025). Future tranche amounts and timing will depend on an ongoing assessment of the business's capital needs and market conditions.
02—Key points
Key Highlights
- Launch of fourth tranche of the multi-year share repurchase program, with up to $245 million in aggregate maximum consideration
- Buyback to run on the New York Stock Exchange from October 1, 2025 through no later than December 31, 2025
- Part of a program of up to $5bn announced September 25, 2024; company expects to return approximately $1bn to shareholders in 2025 via the program
- Repurchases executed by Davy Securities UC independently under pre-set parameters, under Rule 10b5-1 and Rule 10b-18 and EU MAR frameworks
- Maximum of 17,674,003 ordinary shares, less shares already acquired under the first, second and third tranches
- Repurchased shares will be cancelled, with the stated purpose of reducing share capital
- Future tranche size and timing subject to ongoing assessment of capital needs and market conditions
03—Questions
Frequently Asked Questions
How much is Flutter authorizing in this buyback tranche?
Flutter has entered into arrangements to repurchase ordinary shares for an aggregate maximum consideration of up to $245 million on the New York Stock Exchange.
When will the buyback take place?
The buyback will commence on October 1, 2025 and will end no later than December 31, 2025.
How does this tranche relate to the overall program?
This is the fourth tranche of a multi-year share repurchase program of up to $5bn announced on September 25, 2024. The company expects to return approximately $1bn to shareholders via the program in 2025.
Who decides when shares are bought, and what happens to the repurchased shares?
Davy Securities UC will conduct the buyback on Flutter's behalf and will make trading decisions independently of Flutter under certain pre-set parameters. The repurchased ordinary shares will be cancelled.
Are future buybacks guaranteed?
No. The filing states that any decision on the amount and timing of future buyback tranches will be based on an ongoing assessment of the capital needs of the business and general market conditions.
04—Continue