Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
An announcement from Flutter Entertainment PLC ( (FLUT) ) is now available.
Flutter Entertainment PLC has announced the redemption and subsequent cancellation of its ordinary shares acquired through its broker, Goldman Sachs & Co. LLC, as part of a share buyback program. This move, aimed at buying back up to $350 million worth of shares by March 31, 2025, is part of a larger strategy to repurchase $5 billion in shares, as initially outlined in September 2024. The cancellation of these shares is expected to impact the company’s share capital and could influence its market positioning, potentially benefiting stakeholders by enhancing shareholder value. Following these transactions, Flutter will have 177,857,393 ordinary shares in issue.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company offers a range of online platforms for sports betting, casino games, and poker, catering to a diverse market with a focus on digital and mobile engagement.
YTD Price Performance: 0%
Average Trading Volume: 161,701
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36.25B
See more insights into FLUT stock on TipRanks’ Stock Analysis page.
