UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 10, 2024
Flutter Entertainment plc
(Exact Name of Registrant as Specified in its Charter)
Ireland | 001-37403 | 98-1782229 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) | ||
Belfield Office Park, Beech Hill Road Clonskeagh, Dublin 4 Ireland |
D04 V972 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants Telephone Number, Including Area Code: +353 (87) 223 2455
Not Applicable
(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Ordinary Shares, nominal value of 0.09 per share | FLUT | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 | Regulation FD Disclosure. |
On April 10, 2024, Flutter Entertainment plc (the Company) released, via the Regulatory News Service in London, two announcements (the RNS Announcements) regarding the submission to the Company of notifications on Standard Form TR-1 (Standard Form for Notification of Major Holdings), which are furnished as Exhibits 99.1 and 99.2 to this Form 8-K and are incorporated herein by reference. The RNS Announcements were made in order to comply with disclosure requirements pursuant to the United Kingdom Financial Conduct Authoritys Disclosure Guidance and Transparency Rules.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. |
Description | |
99.1 | RNS Announcement dated April 10, 2024 | |
99.2 | RNS Announcement dated April 10, 2024 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Flutter Entertainment plc | ||||||
(Registrant) | ||||||
Date: April 10, 2024 | By: | /s/ Edward Traynor | ||||
Name: | Edward Traynor | |||||
Title: | General Counsel and Company Secretary |
Exhibit 99.1
Standard Form TR-1
Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
FLUTTER ENTERTAINMENT PLC
2. Reason for the notification (please tick the appropriate box or boxes):
☒ An acquisition or disposal of voting rights
☒ An acquisition or disposal of financial instruments
☐ An event changing the breakdown of voting rights
☐ Other (please specify)iii:
3. Details of person subject to the notification obligationiv :
Name:
Bank of America Corporation |
City and country of registered office (if applicable):
Wilmington, DE, United States |
4. Full name of shareholder(s) (if different from 3.)v:
5. Date on which the threshold was crossed or reachedvi: 04/04/24
6. Date on which issuer notified: 08/04/24
7. Threshold(s) that is/are crossed or reached: 3%
8. Total positions of person(s) subject to the notification obligation:
% of voting rights attached to shares (total of 9.A) |
% of voting rights through financial instruments (total of 9.B.1 + 9.B.2) |
Total of both in % (9.A + 9.B) |
Total number of voting rights of issuervii |
|||||||||||||
Resulting situation on the date on which threshold was crossed or reached |
0.067 | % | 2.951 | % | 3.017 | % | 177,445,195 | |||||||||
Position of previous notification (if applicable) |
N/A | N/A | N/A |
9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible) |
Number of voting rightsix | % of voting rights | ||||||||||||||
Direct | Indirect | Direct | Indirect | |||||||||||||
IE00BWT6H894 |
103,983 | 0.059 | % | |||||||||||||
US3440441026 |
14,234 | 0.008 | % | |||||||||||||
SUBTOTAL A |
118,217 | 0.067 | % |
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument |
Expiration datex |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | ||||||||||
Physical Swap |
N/A | 1,132,077 | 0.638 | % | ||||||||||
SUBTOTAL B.1 | 1,132,077 | 0.638 | % |
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument |
Expiration datex |
Exercise/ Conversion Period xi |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights | |||||||||||
Swaps |
18/04/2024 | N/A | Cash | 415,853 | 0.234 | % | ||||||||||
Swaps |
19/04/2024 | N/A | Cash | 49,147 | 0.028 | % | ||||||||||
Swaps |
25/04/2024 | N/A | Cash | 417,999 | 0.236 | % | ||||||||||
Swaps |
20/05/2024 | N/A | Cash | 235,000 | 0.132 | % | ||||||||||
Swaps |
04/06/2024 | N/A | Cash | 243,112 | 0.137 | % | ||||||||||
Swaps |
24/06/2024 | N/A | Cash | 440,000 | 0.248 | % | ||||||||||
Swaps |
25/07/2024 | N/A | Cash | 402,091 | 0.227 | % | ||||||||||
Swaps |
26/07/2024 | N/A | Cash | 387,396 | 0.218 | % | ||||||||||
Swaps |
30/08/2024 | N/A | Cash | 163,791 | 0.092 | % | ||||||||||
Swaps |
23/10/2024 | N/A | Cash | 295,449 | 0.167 | % | ||||||||||
Swaps |
04/11/2024 | N/A | Cash | 303,351 | 0.171 | % | ||||||||||
Swaps |
19/11/2024 | N/A | Cash | 204,279 | 0.115 | % | ||||||||||
Swaps |
04/07/2025 | N/A | Cash | 267,881 | 0.151 | % | ||||||||||
Swaps |
26/05/2026 | N/A | Cash | 24,428 | 0.014 | % | ||||||||||
Swaps |
15/09/2028 | N/A | Cash | 13,958 | 0.008 | % | ||||||||||
Swaps |
31/01/2029 | N/A | Cash | 180,000 | 0.101 | % | ||||||||||
Swaps |
28/02/2029 | N/A | Cash | 60,000 | 0.034 | % | ||||||||||
SUBTOTAL B.2 | 4,103,735 | 2.313 | % |
10. Information in relation to the person subject to the notification obligation (please tick the applicable box):
☐ Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii
☐ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv |
% of voting rights if
it the notifiable threshold |
% of voting rights |
Total of both if it equals | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A | |||
Bank of America, National Association |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A | |||
Merrill Lynch Pierce, Fenner & Smith Incorporated |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BofA Securities, Inc |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated |
N/A | N/A | N/A | |||
Managed Account Advisors LLC |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A |
BAC North America Holding Company |
N/A | N/A | N/A | |||
Bank of America, National Association |
N/A | N/A | N/A | |||
U.S. Trust Company of Delaware |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
Merrill Lynch International, LLC |
N/A | N/A | N/A | |||
Merrill Lynch B.V. |
N/A | N/A | N/A |
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional informationxvi:
Done at United Kingdom on 8th April 2024.
Exhibit 99.2
Standard Form TR-1
Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
FLUTTER ENTERTAINMENT PLC
2. Reason for the notification (please tick the appropriate box or boxes):
☐ An acquisition or disposal of voting rights
☒ An acquisition or disposal of financial instruments
☐ An event changing the breakdown of voting rights
☐ Other (please specify)iii:
3. Details of person subject to the notification obligationiv :
Name:
Bank of America Corporation |
City and country of registered office (if applicable):
Wilmington, DE, United States |
4. Full name of shareholder(s) (if different from 3.)v:
5. Date on which the threshold was crossed or reachedvi: 05/04/2024
6. Date on which issuer notified: 09/04/2024
7. Threshold(s) that is/are crossed or reached: 3%
8. Total positions of person(s) subject to the notification obligation:
% of voting rights attached to shares (total of 9.A) |
% of voting rights through financial instruments (total of 9.B.1 + 9.B.2) |
Total of both in % (9.A + 9.B) |
Total number of voting rights of issuervii |
|||||||||||||
Resulting situation on the date on which threshold was crossed or reached |
0.068 | % | 2.742 | % | 2.810 | % | 177,445,195 | |||||||||
Position of previous notification (if applicable) |
0.067 | % | 2.951 | % | 3.017 | % |
9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible) |
Number of voting rightsix | % of voting rights | ||||||||||||||
Direct | Indirect | Direct | Indirect | |||||||||||||
IE00BWT6H894 |
105,494 | 0.059 | % | |||||||||||||
US3440441026 |
14,309 | 0.008 | % | |||||||||||||
SUBTOTAL A |
119,803 | 0.068 | % |
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument |
Expiration datex |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | ||||||||||
Physical Swap |
03/06/2024 | N/A | 152,495 | 0.086 | % | |||||||||
Physical Swap |
14/06/2024 | N/A | 144,050 | 0.081 | % | |||||||||
Physical Swap |
26/09/2024 | N/A | 530,532 | 0.299 | % | |||||||||
Physical Swap |
24/04/2024 | N/A | 270,000 | 0.152 | % | |||||||||
Physical Swap |
20/05/2024 | N/A | 35,000 | 0.020 | % | |||||||||
SUBTOTAL B.1 | 1,132,077 | 0.638 | % |
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument |
Expiration datex |
Exercise/ Conversion Period xi |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights | |||||||||||
Swaps |
18/04/2024 | N/A | Cash | 415,853 | 0.234 | % | ||||||||||
Swaps |
19/04/2024 | N/A | Cash | 49,147 | 0.028 | % | ||||||||||
Swaps |
25/04/2024 | N/A | Cash | 417,999 | 0.236 | % | ||||||||||
Swaps |
20/05/2024 | N/A | Cash | 235,000 | 0.132 | % | ||||||||||
Swaps |
04/06/2024 | N/A | Cash | 243,112 | 0.137 | % | ||||||||||
Swaps |
24/06/2024 | N/A | Cash | 440,000 | 0.248 | % | ||||||||||
Swaps |
25/07/2024 | N/A | Cash | 402,091 | 0.227 | % | ||||||||||
Swaps |
26/07/2024 | N/A | Cash | 16,919 | 0.010 | % | ||||||||||
Swaps |
31/07/2024 | N/A | Cash | 831 | 0.000 | % | ||||||||||
Swaps |
30/08/2024 | N/A | Cash | 163,791 | 0.092 | % | ||||||||||
Swaps |
23/10/2024 | N/A | Cash | 295,449 | 0.167 | % | ||||||||||
Swaps |
04/11/2024 | N/A | Cash | 303,351 | 0.171 | % | ||||||||||
Swaps |
19/11/2024 | N/A | Cash | 204,279 | 0.115 | % | ||||||||||
Swaps |
04/07/2025 | N/A | Cash | 267,881 | 0.151 | % | ||||||||||
Swaps |
26/05/2026 | N/A | Cash | 24,428 | 0.014 | % | ||||||||||
Swaps |
15/09/2028 | N/A | Cash | 13,958 | 0.008 | % | ||||||||||
Swaps |
31/01/2029 | N/A | Cash | 180,000 | 0.101 | % | ||||||||||
Swaps |
28/02/2029 | N/A | Cash | 60,000 | 0.034 | % | ||||||||||
SUBTOTAL B.2 | 3,734,089 | 2.104 | % |
10. Information in relation to the person subject to the notification obligation (please tick the applicable box):
☐ Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii
☒ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv |
% of voting rights if
it |
% of voting rights |
Total of both if it equals | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A | |||
Bank of America, National Association |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A | |||
Merrill Lynch Pierce, Fenner & Smith Incorporated |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BofA Securities, Inc |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A |
Merrill Lynch, Pierce, Fenner & Smith Incorporated |
N/A | N/A | N/A | |||
Managed Account Advisors LLC |
N/A | N/A | N/A | |||
Bank of America Corporation |
N/A | N/A | N/A | |||
NB Holdings Corporation |
N/A | N/A | N/A | |||
BAC North America Holding Company |
N/A | N/A | N/A | |||
Bank of America, National Association |
N/A | N/A | N/A | |||
U.S. Trust Company of Delaware |
N/A | N/A | N/A |
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional informationxvi:
Done at United Kingdom on 9th April 2024.