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Candle Lake Limited, an entity controlled by Kenneth Bryan Dart, notified Flutter Entertainment PLC on 20-May-2026 of an acquisition of financial instruments. As of 14-May-2026, its total voting rights in Flutter Entertainment PLC reached 27.648104%, representing 47,925,059 voting rights. This increased from a previous total position of 25.009801% and included 8.802185% through a cash-settled equity swap agreement by LBS Limited.
| Date | 21 May 2026 |
| Time | 14:00:01 |
| Category | Holding(s) in company |
| ID | 2969F |
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
IE00BWT6H894
Issuer Name
Flutter Entertainment Public Limited Company
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
Candle Lake Limited
City of registered office (if applicable)
Camana Bay, George Town
Country of registered office (if applicable)
Cayman Islands
4. Details of the shareholder
|
Name |
City of registered office |
Country of registered office |
|
LBS Limited |
George Town, Grand Cayman |
Cayman Islands |
|
Lake Michigan Limited |
George Town, Grand Cayman |
Cayman Islands |
5. Date on which the threshold was crossed or reached
14-May-2026
6. Date on which Issuer notified
20-May-2026
7. Total positions of person(s) subject to the notification obligation
|
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
|
Resulting situation on the date on which threshold was crossed or reached |
18.845919 |
8.802185 |
27.648104 |
47925059 |
|
Position of previous notification (if applicable) |
18.755814 |
6.253987 |
25.009801 |
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
IE00BWT6H894 |
32667404 |
0 |
18.845919 |
0.000000 |
|
Sub Total 8.A |
32667404 |
18.845919% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
Total Return Swap |
March 2, 2028 |
|
Cash |
15257655 |
8.802185 |
|
Sub Total 8.B2 |
|
15257655 |
8.802185% |
||
9. Information in relation to the person subject to the notification obligation
2. 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 entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% 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 |
|
Kenneth Bryan Dart |
|
0.000000 |
0.000000 |
0.000000% |
|
Kenneth Bryan Dart |
Candle Lake Limited |
18.845919 |
0.000000 |
18.845919% |
|
Kenneth Bryan Dart |
|
0.000000 |
0.000000 |
0.000000% |
|
Kenneth Bryan Dart |
Portfolio Services Ltd |
0.000000 |
0.000000 |
0.000000% |
|
Kenneth Bryan Dart |
LBS Limited |
0.000000 |
5.325127 |
5.325127% |
|
Kenneth Bryan Dart |
Lake Michigan Limited |
0.000000 |
0.000000 |
0.000000% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Candle Lake Limited is directly owned by Kenneth B. Dart. LBS Limited and Lake Michigan Limited are wholly owned by Portfolio Services Ltd., all the shares of Portfolio Services Ltd are owned by Kenneth B. Dart. This increased exposure to the underlying shares is due to a cash-settled equity swap agreement entered into by LBS Limited.
12. Date of Completion
20-May-2026
13. Place Of Completion
Grand Cayman, Cayman Islands