Flutter Entertainment PLC announced the acquisition of its own ordinary shares through redemption, as part of a broader $350 million share buyback program set to run until March 31, 2025. 

This move is part of a larger $5 billion buyback initiative aimed at optimizing the company’s capital structure and enhancing shareholder value, which could signal confidence in its financial health and future prospects.

The transactions, conducted through Goldman Sachs & Co. LLC, are aimed at enhancing shareholder value by reducing the total number of shares in circulation. This strategic move reflects Flutter’s commitment to returning capital to its investors.