8-K

 

 

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)

Registrant’s 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 Authority’s 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
EX-99.1

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
equals or is higher than

the notifiable threshold

  

% of voting rights
through financial
instruments if it equals
or is higher than the
notifiable threshold

  

Total of both if it equals
or is higher than the
notifiable threshold

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.

EX-99.2

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
equals or is higher than
the notifiable threshold

  

% of voting rights
through financial
instruments if it equals
or is higher than the
notifiable threshold

  

Total of both if it equals
or is higher than the
notifiable threshold

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.