Flutter shareholders vote in favour of US primary listing

1st May 2024 11:41

(Sharecast News) - Shareholders in Flutter Entertainment voted on Wednesday in favour of moving the Paddy Power owner's primary listing to New York from London.

At the annual general meeting in Dublin, the resolution was backed by 98% of shareholders.

The company will keep a secondary listing in London, with the move due to happen by the end of this month.

Flutter announced in January that it was planning to move its primary listing to the US, as it began trading on the New York Stock Exchange.

It said at the time that it had engaged widely with US investors, existing and potential, along with existing shareholders globally and that feedback received had been very supportive of the move.

Flutter said the NYSE was "the optimal location" for a primary listing of its shares.