Flutter Entertainment PLC US listing update and Notice of Q4 trading update (1047W)
08 December 2023 - 6:00PM
UK Regulatory
TIDMFLTR
RNS Number : 1047W
Flutter Entertainment PLC
08 December 2023
8 December 2023
Flutter Entertainment plc ("Flutter")
Update on additional US listing
Notice of Q4 and FY 2023 trading update
Flutter confirms that, subject to the public filing and
effectiveness of its Form 20-F Registration Statement with the U.S.
Securities and Exchange Commission, it is working toward an
effective listing date for its ordinary shares on the New York
Stock Exchange ("NYSE") of Monday, 29 January 2024.
As previously communicated, Flutter believes that it is
appropriate to maintain just two listings to minimise regulatory
complexities and has notified Euronext Dublin of its intention to
cancel its secondary listing on Euronext Dublin with effect from
8.00 am (GMT) on Monday, 29 January 2024. The last day of trading
of Flutter's ordinary shares on Euronext Dublin will be Tuesday 23
January 2024, with trading suspended from close of business on that
day to allow for the settlement of pending trades and repositioning
instructions, in advance of effectiveness of the US listing.
In connection with the anticipated cancellation of its Euronext
Dublin listing, Flutter notes the STOXX decision to remove Flutter
from the EUROSTOXX index, effective 18 December. Flutter's premium
listing on the London Stock Exchange ("LSE") and inclusion in the
FTSE 100 index will not be affected by the addition of this US
listing. Flutter's shares will continue to trade on the LSE under
its existing ticker symbol: "FLTR". From the point of the US
listing, Flutter will also trade on the NYSE under the ticker
symbol: "FLUT".
Flutter will report full year results for the 12 months ended 31
December 2023 under US GAAP on 26 March 2024. Ahead of this date,
Flutter will release a brief trading update for the three-month
period ended 31 December 2023 and 12 months ended 31 December 2023
on 18 January 2024 at 7.00 am (GMT).
The expected timetable of principal events during January 2024
for the implementation of the US listing and de-listing from
Euronext Dublin is set out in greater detail at Appendix I together
with guidelines for shareholders.
Further announcements will be made prior to the US listing
becoming effective as required.
Euronext migration enquiries
For all shareholder enquiries relating to management of the
Euronext migration process please refer to the FAQ available on
Flutter's website here.
Further assistance is available via Flutter@georgeson.com or the
following dedicated support lines:
Ireland: +353 1 696 8470
UK: +44 370 703 6320
General enquiries
Investor Relations: Investor.relations@flutter.com
Press: corporatemedia@flutter.com
Appendix I
Principal events
Event Expected time(1)
and/or date (2)
Post-close trading update in respect of 18 January 2024
FY 2023
---------------------
Last day of trading in Flutter ordinary 23 January 2024
shares on Euronext Dublin
---------------------
Suspension of trading in Flutter ordinary Close of business
shares on Euronext Dublin on 23 January 2024
---------------------
Last day for settlement of final trades 25 January 2024
placed on Euronext Dublin
---------------------
Latest time to complete repositioning between 11.00 am, 26 January
Euronext Dublin and CREST by instructing 2024
deposit of shares into the CREST system
to be held as CREST Depository Interests
---------------------
Targeted US Listing Record Date for migration 5.00 pm, 26 January
of Flutter ordinary shares 2024
---------------------
Targeted date for Commencement of trading 29 January 2024
in Flutter ordinary shares on the NYSE
---------------------
De-listing of shares on Euronext Dublin 8.00 am, 29 January
2024
---------------------
Shareholder guidelines
In order for Flutter's shares to be listed on the NYSE, the
settlement system applicable to Flutter's shares will be migrated
from the system operated by Euroclear Bank to the Depository Trust
Company (the "Migration"). The effects of the Migration for
shareholders will depend on the manner in which their shares are
held and shareholders are encouraged to consult the FAQ available
on Flutter's website here which sets out details of actions
(including deadlines) which certain categories of shareholders may
take to ensure the continued, efficient management of their
shareholding following the Migration.
In particular, to ensure that interests in Flutter shares
currently held in the Euroclear Bank settlement system are
transferred to the Depository Trust Company settlement system as
part of the Migration Euroclear Bank participants will need to
reposition their holding of interests in Flutter shares into the
CREST settlement system - to be held in the form of CREST
Depository Interests representing Flutter shares. Any such
repositioning will need to have settled prior to the US Listing
Record Date which the Flutter Board currently expects for the
purposes of Article 141 of Flutter's articles of association will
be 5.00 pm (GMT) on Friday, 26 January 2024. Accordingly,
shareholders are encouraged to take the required action in good
time ahead of the expected US Listing Record Date. The latest time
to complete a repositioning into CREST expected to be 11.00 am
(GMT) on Friday, 26 January 2024.
Notes:
1 All references in this table to times are to Greenwich Mean Time.
2 Some of these dates are given on the basis of the Flutter
Board of Directors' current expectations and are subject to change.
If any of the above times and/or dates change, the revised times
and/or dates will be notified to shareholders by announcement
through a Regulatory Information Service of the London Stock
Exchange and Euronext Dublin.
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