Following the firm’s annual general meeting (AGM), Flutter Entertainment Plc has shifted its corporate governance roles and duties.
The AGM also saw shareholders approve the board’s recommendation to accelerate the firm’s primary stock listing from the London Stock Exchange (LSE) to NYSE by the end of May. The board of Flutter had previously detailed that the NYSE migration would be concluded by the end of 2024 trading.
Confirming previous intentions, Flutter’s relocation of its primary listing to New York was needed to secure access to deeper US capital markets, a higher valuation for its global enterprise, and to attract top executive talent with US rewards.
Group CEO, Peter Jackson sees the NYSE stated “We now anticipate that we will shift our prime listing to the New York Stock Exchange by the end of the month.”
Flutter’s stateside migration is viewed as a further loss for the LSE, as 2024 has seen UK PLCs, including pharmaceutical company Indivior Group and global building materials supplier CRH Dublin, move to New York.
In terms of corporate structure, the votes cast at the AGM on 1 May saw all corporate directors re-elected under the leadership of John Bryant as Executive Chairman.As previously announced, the AGM saw Richard Flint, the former CEO of Sky Bet, and long-term non-executive director (NED) David Lazzarato retire from all corporate duties. Both incumbents had previously announced that they would not seek re-election on Flutter’s board at the upcoming AGM.
