Flutter Entertainment has confirmed that its primary listing is now on the New York Stock Exchange, replacing the previous primary listing on the London Stock Exchange.
In addition, the company has named Rob Coldrake as Group CFO, replacing Paul Edgecliffe-Johnson who leaves the operator with immediate effect.
Earlier today, Flutter’s listing category on the official list of the Financial Conduct Authority was transferred from “Premium Listing (commercial company)” to “Standard Listing (shares)”.
The primary listing switch to NYSE is a follow-up to shareholders passing relevant resolutions at the company’s Annual General Meeting at the beginning of the month. Shares remain eligible for and continue to trade on the LSE’s Main Market on the Standard Listing segment.
“Today marks an important milestone in the evolution of Flutter with the commencement of our primary listing on the New York Stock Exchange,” commented Peter Jackson, CEO of Flutter Entertainment.
“This closely follows the recent move of our operational headquarters to New York, with both reflecting the increasing importance of the US sports betting and igaming market to our business. We have a fantastic position in the US, with FanDuel the clear number one operator, and we look forward to this next step on our journey.”
Group CFO change
As part of the NYSE primary listing, Rob Coldrake has been appointed as Flutter’s Group CFO, replacing Paul Edgecliffe-Johnson with immediate effect.
Ahead of the primary listing switch and to address the need for executive management time in the US, Flutter stated that the company held talks with Edgecliffe-Johnson to discuss “his ability to meet that requirement in light of his family commitments in the UK”.
Following talks, Flutter’s board concluded that “it is in the company’s best interests for Paul Edgecliffe-Johnson to step down from his role as Group CFO and Executive Director”.
Commenting on Coldrake’s appointment, Jackson noted: “I am delighted that Rob will become our next Group CFO. During his four years at Flutter, he has shown himself to be a CFO of exceptional calibre and his skills and experience will help us to take advantage of the significant opportunities before us.
“I would like to thank Paul for his contribution to the group, particularly in relation to achieving our US primary listing, and I wish him and his family well.”
Since joining the group in 2020, Coldrake has held the role of CFO of Flutter International. Before Flutter, he spent 14 years in various financial roles with TUI Travel and began his career with PricewaterhouseCoopers.
John Bryant, Chair of Flutter Entertainment, added: “The board welcomes the appointment of Rob as Group CFO and is especially delighted we were able to develop such a high-quality executive within our own business.
“We look forward to working with him and the team into the future. I would also like to take the opportunity to wish Paul well and to thank him for his contribution to the group.”