DAVY VIEW

Flutter has released an RNS confirming that it is commencing trading on the New York Stock Exchange (NYSE) today (ticker FLUT), and confirming the cancellation of its Euronext Dublin secondary listing (while retaining its LSE premium listing). It furthermore notes that the Board believes the optimal location for its primary listing is the NYSE, and this move will be made as soon as practicable. A proposal will be made at the AGM on May 1st, and if approved, the move to a primary NYSE listing is expected to occur in late Q2 or early Q3. Peter Jackson notes that with the NYSE listing active today, it is a pivotal moment for the group as it becomes more accessible to US-based investors, which gives it access to deeper capital markets. He furthermore notes that a primary US listing is the natural home given it expects FanDuel to contribute the largest proportion of profits in the near future.