Exhibit 99.1
20 August 2024
Flutter Entertainment plc (the “Company”)
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Peter Jackson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Flutter Entertainment plc | ||||
b) | LEI | 635400EG4YIJLJMZJ782 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Flutter Entertainment plc ordinary shares of EUR0.09 each (“Flutter Shares”)
IE00BWT6H894 | ||||
b) | Nature of the transaction | Grant of 13,432 restricted share units (“RSUs”) and 40,297 performance share units (“PSUs”) under the Flutter Entertainment plc 2024 Omnibus Equity Incentive Plan | ||||
c) | Price(s) and volume(s) | Price(s)
| Volume(s)
| |||
£0.00
| 13,432 Ordinary Shares
| |||||
40,297 Ordinary Shares | ||||||
d) | Aggregated information
- Aggregated volume
- Price |
53,729 ordinary shares of EUR0.09 each.
£0.00 | ||||
e) | Date of the transaction | 19 August 2024 | ||||
f) | Place of the transaction | Outside a trading venue |
g) | Additional information | The RSUs have a grant date fair value equal to 200% of Total Salary and the PSUs have a grant date fair value equal to 600% of Total Salary at target and 1,200% of Total Salary at maximum. The RSUs will vest in three equal instalments over three years from the date of grant as follows:
19 August 2025 (4,477 shares)
19 August 2026 (4,477 shares)
19 August 2027 (4,478 shares)
The PSUs will cliff vest on 19 August 2027, being three years from the date of grant, subject to the achievement of certain performance targets. |