01—Abstract
Summary
Summary of the 8-K filed March 11, 2026. Cited figures are marked; the original filing is the authoritative source.
Flutter Entertainment plc filed a Form 8-K on March 11, 2026 under Item 7.01 (Regulation FD Disclosure), furnishing as Exhibit 99.1 an RNS announcement that the company is launching the fifth tranche of its share repurchase program.
Flutter has entered into non-discretionary arrangements with Goldman Sachs & Co. LLC to repurchase ordinary shares on its behalf for an aggregate maximum consideration of up to $250 milliona on the New York Stock Exchange. The buyback commences March 12, 2026 and will end no later than May 21, 2026, a period the release describes as 10 weeks. Goldman Sachs will make trading decisions independently under pre-set parameters, within the limits of Rule 10b5-1 and Rule 10b-18 under the Exchange Act and the EU Market Abuse Regulation as applied in the United Kingdom.
The maximum number of shares is 17,674,003 ordinary shares, less shares already acquired since June 5, 2025 under the second, third and fourth tranches. Repurchased shares will be cancelled, and the purpose is to reduce Flutter's share capital.
This tranche is part of a multi-year program of up to $5 billionb announced on September 25, 2024. The company states that the amount and timing of any future tranches will depend on an ongoing assessment of business capital needs and general market conditions.
02—Key points
Key Highlights
- Flutter Entertainment plc announced the launch of the fifth tranche of its share repurchase program, with aggregate maximum consideration of up to $250 million.
- Goldman Sachs & Co. LLC will execute the buyback on Flutter's behalf under non-discretionary arrangements, making trading decisions independently within pre-set parameters.
- The buyback runs from March 12, 2026 and will end no later than May 21, 2026, described as 10 weeks from commencement.
- The maximum share count is 17,674,003 ordinary shares, reduced by shares already bought under the second, third and fourth tranches since June 5, 2025.
- Repurchased ordinary shares will be cancelled, with the stated purpose of reducing Flutter's share capital.
- This tranche is part of a multi-year program of up to $5 billion announced on September 25, 2024.
- Future tranche amounts and timing depend on ongoing assessment of business capital needs and market conditions.
03—Questions
Frequently Asked Questions
How much is Flutter authorizing in this buyback tranche?
The buyback is for an aggregate maximum consideration of up to $250 million, executed by Goldman Sachs & Co. LLC on the New York Stock Exchange.
When does the buyback start and end?
The buyback commences on March 12, 2026 and will end no later than May 21, 2026, which the release describes as 10 weeks from the start date.
Who decides when shares are bought?
Goldman Sachs will make trading decisions independently of Flutter, in accordance with certain pre-set parameters, under non-discretionary arrangements.
What happens to the shares Flutter repurchases?
The repurchased ordinary shares will be cancelled, and the stated purpose of the buyback is to reduce Flutter's share capital.
How does this tranche fit into the broader repurchase program?
This is the fifth tranche of a multi-year share repurchase program of up to $5 billion announced on September 25, 2024. The company says future tranche amounts and timing will depend on its ongoing assessment of capital needs and market conditions.
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