Flutter Entertainment Launches $250M Fifth Tranche Buyback of 17.7M Shares
Flutter Entertainment will repurchase up to $250 million of its ordinary shares from March 12 through May 21, 2026, targeting as many as 17.7 million shares for cancellation under Rule 10b5-1 guidelines. This fifth tranche is part of a multi-year $5 billion buyback announced in September 2024.
1. Fifth Tranche Details
Flutter Entertainment has initiated its fifth share repurchase tranche, authorizing up to $250 million in buybacks from March 12 to May 21, 2026. Goldman Sachs & Co. will execute non-discretionary purchases of up to 17,674,003 ordinary shares on the New York Stock Exchange.
2. Multi-Year Buyback Program
Originally announced on September 25, 2024, the multi-year program has an aggregate capacity of $5 billion. Previous tranches launched in March, May and August 2025 have already repurchased and cancelled a portion of the share capital.
3. Execution Parameters and Outlook
Repurchases will comply with Rule 10b5-1, Rule 10b-18 and EU Market Abuse Regulation parameters. All repurchased shares will be cancelled and future tranches will depend on ongoing capital needs and market conditions.