Flutter commences trading on the NYSE. Proposed transition of primary listing to US.
Trading to commence on NYSE
Flutter also confirms that the cancellation of the secondary listing of the Company's ordinary shares on Euronext Dublin took effect at 08.00 GMT today. Flutter retains its premium listing on the
Flutter's shares will trade on the NYSE under the ticker symbol: "FLUT" (CUSIP No.: G3643J 108) and will trade on the LSE under its existing ticker symbol: "FLTR".
Proposal to move primary listing to the NYSE
As outlined in
- Enhancing the Group's profile in the US
- Better enabling the recruitment and retention of US talent
- Giving the Group access to much deeper capital markets, and to new US domestic investors
- Providing greater overall liquidity in Flutter shares
- Giving optionality to pursue a primary listing in the US - one of the criteria for access to important US indices.
Since
As a result, the Board believes that the NYSE is now the optimal location for Flutter's primary listing of its shares, and that the transition should be made as soon as practicable. This proposal will be put to shareholders as a Special Resolution at the 2024 AGM on
Following transition, the Board intends to retain Flutter's
"With our NYSE listing effective today, t his is a pivotal moment for the Group as we make Flutter more accessible to US based investors and gain access to deeper capital markets. We believe a US primary listing is the natural home for Flutter given Fanduel's #1 position in the US, a market which we expect to contribute the largest proportion of profits in the near future. "
Enquiries
Company Secretary: Cosec@flutter.com
Investor Relations: Investor.relations@flutter.com
Press: Corporatemedia@flutter.com
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