Flutter shareholders support US listing plans

Flutter shareholders support US listing plans

Added:
Flutter shareholders support US listing plans

Flutter has recently announced that its shareholders support its plans of listing in a US stock exchange.

The company had posted about its US listing intentions back in February. In its announcement, Flutter detailed the numerous benefits the expansion would have for itself and its shareholders, with some of the key ones being an expanded list of investment opportunities and a possibility to switch to a US-primary operating model in the future.

Flutter stated in its announcement that its final decision will depend heavily on investor support, adding that if they opposed the idea the firm would not pursue a US listing. However, a bit over a month after making the original announcement the company published the results of its shareholder consultation, which showed that most of its investors support the proposal.

The firm’s board will be presenting a formal resolution on the proposal during Flutter’s upcoming annual general meeting, which will take place on the 27th of April. A vote will be held at the meeting, where investors will have the opportunity to express their position on the company’s US listing plans. If more than 75% of Flutter’s stakeholders support the proposal, the firm will be moving to implement it in the last quarter of 2023.

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