Flutter Entertainment has taken another step towards its listing on the New York Stock Exchange after confirming that its ordinary shares listed on Euronext Dublin have ceased trading.
The Euronext Dublin ordinary shares ceased trading on January 23 and they are expected to be delisted from 8am GMT on January 29, the same day in which the company is planned to list on the NYSE.
Flutter noted that its ordinary shares “remain eligible for and continue to trade on the Main Market of the London Stock Exchange”, as well as the NYSE in US dollar denomination, subject to its Form 20-F registration statement effectiveness with the US Securities and Exchange Commission.
The company added that the only remaining step required to effect the additional listing and trading of the company’s ordinary shares on NYSE is the migration of the settlement system of its ordinary shares from Euroclear Bank to the Depository Trust Company.
Flutter’s shareholders have already approved this migration at its 2023 annual general meeting. It is expected to be completed on January 29 at 6am.
To assist with the process, the US Listing Record Date for Article 141 of Flutter’s articles of association will occur on January 26 at 7pm on the same date.
Earlier this month, Flutter published a trading update on its fourth quarter results, stating that US casino operations are going from “strength to strength” ahead of the group’s NYSE listing.
The company declared a total revenue for Q4 of £2.7bn, up 11 per cent year-over-year and 15 per cent YoY constant currency (Q4 2022: £2.4bn) with average monthly players rising by 12 per cent YoY as well to 13.6 million (Q4 2022: 12.1 million).
Commenting in the trading update on the NYSE listing, Flutter Chief Executive Peter Jackson said: “Subject to the effectiveness of our Form 20-F registration statement with the US Securities and Exchange Commission, we are very excited that the addition of a US Flutter listing is now just days away.
“This is a pivotal moment for the Group as we make Flutter more accessible to US-based investors and gain access to deeper capital markets.
“I am looking forward to 2024 and further building on the momentum within the group to continue delivering growth.”
