Flutter has announced that it has entered into non-discretionary arrangements with Goldman Sachs & Co. LLC to repurchase ordinary shares on Flutter's behalf for a maximum aggregate consideration of up to $300 million on the New York Stock Exchange (the "Buyback").
The Buyback will commence on April 1, 2025, on the New York Stock Exchange and will conclude no later than June 30, 2025. The purpose of the Buyback is to reduce Flutter's share capital. This Buyback is the second tranche of the multi-year share repurchase program of up to $5 billion, which was first announced on September 25, 2024. In 2025, it is anticipated that approximately $1 billion will be returned to shareholders through the program.
Goldman Sachs & Co. LLC will conduct the Buyback on behalf of Flutter and will make trading decisions under the Buyback independently of Flutter in accordance with certain pre-set parameters. The maximum number of ordinary shares that may be acquired pursuant to the Buyback is an aggregate of 17,739,905 ordinary shares, less the total amount of ordinary shares acquired as part of the first tranche of our share buyback program announced on November 13, 2024.
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