Capitalisation and Capital Reduction

RNS Number : 3230L

Flutter Entertainment PLC

10 September 2021

 

Flutter Entertainment plc

("Flutter")

Capitalisation and Capital Reduction

10 September 2021

In accordance with the authority conferred by shareholders pursuant to resolution 10 at Flutter's Annual General Meeting held on Thursday, 29 April 2021 (the "AGM"), the Board today confirms that it has completed the capitalisation of GBP  7,982,942,509.88, being the entirety of the amounts standing to the credit of Flutter's merger reserve account at 31 December 2020. 

In accordance with the provisions of sections 84 and 85 of the Companies Act 2014 and the authority conferred by resolution 11 as approved by shareholders at the AGM, the Board has resolved to make an application to the Irish High Court to seek confirmation of a reduction of Flutter's company capital by the cancellation of GBP 10,000,000,000 (or such lesser amount as the High Court may determine) standing to the credit of Flutter's share premium account following completion of the capitalisation.

  Enquiries:

Edward Traynor

Company Secretary

[phone]

 

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