Flutter shareholders back U.S. primary listing, in blow to London exchange

Flutter shareholders back U.S. primary listing, in blow to London exchange

Article brief provided by RTE
  • Will Goodbody, RTE
May 1, 2024 8:14 PM
  • Will Goodbody, RTE
  • United States
  • Ireland
  • United Kingdom

Paddy Power owner Flutter Entertainment is aiming to complete the move of its primary share listing from London to New York by the end of the month, its chief executive said [Wednesday].

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Peter Jackson was speaking after shareholders overwhelmingly backed the transfer of the listing at the company’s AGM in Dublin this morning. Mr Jackson said the move would result in the company dropping out of the FTSE100 index.

“We will do everything we can to make ourselves eligible for inclusion in the US indices, as quickly as we can,” he added.

He said the reason for the movement of the listing is that the company really sees itself as “going home”.