Flutter confirms Dublin stock exchange departure
Shares from the company are expected to be listed on the New York Stock Exchange.
Flutter Entertainment has announced that its shares on the Irish stock exchange, Euronext Dublin, are set to be delisted within the next week.
The company’s ordinary shares are due to be delisted from Euronext Dublin with effect from 8.00am (GMT) on Monday 29 January 2024.
The confirmation follows Flutter’s announcement of its intention to have a US listing and to delist from Euronext Dublin in early December. At the time, it was said Flutter planned to maintain just two listings, London and New York, in a bid to streamline operations and minimise regulatory complexities.
The company’s ordinary shares will remain eligible for and continue to trade on the main market of the London Stock Exchange.
Subject to the effectiveness of its Form 20-F Registration Statement with the US Securities and Exchange Commission, it will begin trading on the New York Stock Exchange from Monday 29 January 2024.
The only step left for Flutter to undertake the trading of its ordinary shares on the New York Stock Exchange is the migration of the settlement system of its ordinary shares from Euroclear Bank to the Depository Trust Company; this was approved by Flutter’s shareholders.
In other recent Flutter news, the company released a provisional trading update for the fourth quarter, showing an overall revenue rise of 15%.
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