Your 2022 Phantom Sharesave is complete!
Now it's time to take some action and see what it could be worth.
In 2022, you were granted a Phantom Option linked to Flutter's share price. At that time, an option price was set at €96.98 per share, which was 25% lower than the market price.
Since then, Flutter's share price has increased. If the share price remains higher than the option price when you submit your instruction, you'll receive a cash payment based on the difference!
As our share price can go up or down, you'll need to decide when the right time is for you. You'll have a two-month window – starting on 1 February 2026 – to make your decision.
You can see our current share price here.
What happens next
Submit your instruction during the decision window
You'll need to take action between 2 February 2026 and 22:59 pm (UK Time) 31 March 2026.
This is also called exercising your option. In simple terms, it means choosing to take any cash payment you're entitled to.
Your cash amount is calculated
On the date your instruction is processed, the Flutter share price is compared with your fixed option price of €96.98 per share.
If the share price is higher, you'll receive a cash payment based on the difference. If the share price is lower, no cash payment will be due.
Receive any cash payment due
If a cash payment is due, it will be processed through payroll within 4 - 6 weeks of the date that your instruction is processed.
Important information – don't lose your Phantom Option!
If you don't submit your instruction by 22:59pm (UK Time) 31 March 2026, your Phantom Option will expire and no cash payment will be made. Please make sure you allow sufficient time to submit your exercise instruction, as any requests received after 22:59pm (UK Time) will be rejected.
Please note that your Phantom Option gives you the right to receive a cash payment. It does not give you the right to buy or own Flutter shares.
Understanding tax
If you receive a cash payment from your Phantom Option, personal income tax and any applicable social security contributions will be due. Any taxes will be deducted automatically, and paid to the tax authority on your behalf, before any payment is made to you.
Q&A – Your questions answered
Phantom Sharesave is a cash-based plan that runs over the same three-year period as Sharesave, but instead of saving and buying Flutter shares at the end of the plan, you are given the opportunity to receive a cash payment. This payment is linked to the performance of Flutter's share price and is based on the difference between:
- A discounted share price set at the start of the plan (with a 25% discount applied), and
- Flutter's share price at the point you chose to take the payment, after the plan reaches maturity.
Your 2022 Phantom Sharesave reaches maturity on 1 February 2026. After that, you'll have a two-month window to confirm whether you wish to receive any cash payment you may be entitled to.
A Phantom Option is the mechanism that determines whether you receive a cash payment at the end of your Phantom Sharesave.
When your Phantom Sharesave started, an option price was set. This is a fixed share price, discounted by 25% from Flutter's market price at the time. For the 2022 Phantom Sharesave, this option price was set at €96.98 per share.
When your Phantom Sharesave reaches maturity, you'll have a two-month decision window, starting from 2 February 2026, to submit an instruction until 22:59pm (UK Time) 31 March 2026. When you submit your instruction, Flutter's share price at that time is compared with your option price, and:
- If the share price is higher, the difference will be paid to you as a cash payment
- If the share price is lower, no cash payment will be made.
No. In some countries we're unable to award actual shares, which is why we offer the Phantom Sharesave instead. While you won't receive or own Flutter shares, you still have the opportunity to benefit from any increase in our share price through a cash payment, subject to local payroll deductions.
When your Phantom Sharesave reaches maturity, you'll have a fixed two-month window, starting from 2 February 2026, to decide whether to take any cash payment you may be entitled to.
During this period, you'll need to log in to your EquatePlus account and choose whether to submit an instruction. The amount you receive (if any) will depend on Flutter's share price at the time you make your choice.
If Flutter's share price is higher than your option price (of €96.98) when you submit your instruction, the difference will be paid to you as a cash payment. If it is lower, no cash payment will be due.
You'll have a fixed two-month decision window to take action, starting on 2 February 2026 and ending on 22:59 (UK Time)31 March 2026.
You can choose when to submit your instruction at any point during this window. The amount you receive (if any) will depend on Flutter's share price at the time you make your choice.
You can view our current share price here.
If you don't take any action by the end of the two-month window, your Phantom Option will lapse and no cash payment will be made.
To submit an instruction, you'll need to log in to your EquatePlus account during the two-month decision window, which starts on 2 February 2026.
Once you're logged in, you'll be guided through the steps to confirm whether you wish to take any cash payment you may be entitled to. You'll see the information you need, including the option price and the current Flutter share price (available on the overview page), before you make your choice.
After you've submitted your instruction, it can't be changed, so make sure you're happy with your decision before confirming.
Take some time to review the information on this page, including how Phantom Sharesave works and how any cash payment is calculated (see Section 2: Your cash payment for more information on this).
Nudge, our financial education platform, available in some Flutter countries, can also help you to learn more about financial health and resilience, so you can make a holistic decision.
If you're still unsure, you may wish to seek independent financial advice from a qualified adviser in your country, who can provide guidance tailored to your personal circumstances.
If you left Flutter during Phantom Sharesave, your choices now will depend on why you left.
| Qualifying reason | Non-qualifying reason | |
|---|---|---|
| Why you left | Retirement Ill health Redundancy |
Resignation Dismissal |
| What to expect | You'll have two months from your leaving date to take action and receive any cash payment you may be entitled to. | Your Phantom Option lapsed when you left Flutter, and no cash payment will be made. |
What happens will depend on your reason for leaving and whether you've already taken action.
If you leave Flutter during the decision window, the rules that apply will be based on your individual circumstances. In some cases, you may still be able to take action, while in others your Phantom Option may lapse and no cash payment will be made.
Once you've left Flutter, you'll receive a notification directing you to EquatePlus, where you can view the choices available to you.
If you're unsure how leaving Flutter affects your situation, you may wish to contact our share plans team for further guidance at shareplans@flutter.com.
Any cash payment is based on the difference between your option price and Flutter's share price at the time you take action by submitting an instruction.
When you submit your instruction, Flutter's share price at that time is compared with your fixed option price:
- If the share price is higher, the difference will be paid to you as a cash payment
- If the share price is lower, no cash payment will be due.
The share price used is the market price on the day you submit your instruction during the decision window.
If Flutter's share price is lower than the option price at the time you submit your instruction, no cash payment will be due.
In this situation, you won't lose anything, but you also won't receive a cash payment from your Phantom Sharesave.
You can choose when to submit your instruction during the two-month decision window, as Flutter's share price can go up or down during this time.
You can view our current share price here.
If a cash payment is due, it will be processed through local payroll after you've submitted your instruction.
Any cash payment will normally be paid to you within 4 – 6 weeks of the date you submit your instruction. Any required tax and social security deductions will be made before the payment is made to you. For more information on this see section 3: Tax.
No. Once you've confirmed your choice in EquatePlus, it can't be changed.
Before submitting an instruction, you'll be able to review the information shown in your EquatePlus account, including your option price and the current Flutter share price, so make sure you're happy with your decision before confirming.
If you receive a cash payment from your Phantom Sharesave, it will be subject to tax and social security deductions, in line with local rules.
Any cash payment due will be processed through local payroll and will reach you within 4 – 6 weeks from the date you submitted your instruction. Any required deductions will be made before the payment is made to you.
Any required tax and social security deductions will be automatically deducted before the payment is made to you, in line with local rules. You don't need to make any separate arrangements for these deductions.
Tax rules vary by country. To understand how tax may apply where you live, visit the Understanding tax section on this page.
Most colleagues can buy and sell Flutter shares when they wish. Some colleagues will need special permission if they are classified as a Restricted Person, which means you must request clearance before you trade. You can do this via the "Dealing Request function" on Insidertrack before placing your instruction on EquatePlus. You can only trade during a trading window.
You will have received an email from InsiderTrack (flutter@insidertrack.net) to notify you if you are a Restricted Person. You will also receive a communication from InsiderTrack notifying you when Flutter trading windows open or close.
If you have any questions about being a Restricted Person or around permission to deal, or if you need your password re-set, please contact cosec@flutter.com.
You can log into your account here: EquatePlus.
If you are experiencing difficulties logging in or managing your EquatePlus account you can contact the Computershare team at:
- United Kingdom: +44 117 471 5342
- United States: +1 877 505 8457
- Ireland: +353 1800 817 323
- Australia: +61 1800 573 368
The plus "+" sign is an international exit code. You can replace it with the exit code of the country from which you are calling. For example: if dialling from India, you may replace + with 00 followed by 91 (the dialling code for India) and dial 0091 117 471 5342.
Resources
Maturity Brochure
Корисни линкови
Водич за даноци во земјата (Англиски)
Посети веб-страницаYour account
Your Phantom Sharesave is managed through EquatePlus. It's run by Computershare, our share plans administrator.
Head to EquatePlus to:
- View the details of your Phantom Option
- See information based on the current Flutter share price
- Submit your request to take any cash payment you're entitled to
- Check your personal and bank details are up to date
Access your EquatePlus account
Visit EquatePlusNeed some help navigating your account?
Check out the Help tab on EquatePlus.
Сакаш да пристапуваш до EquatePlus во движење?
Преземи ја апликацијата EquateMobile за да пристапиш до својата сметка и да се придружиш
Поддршка
За каква било помош за пристап или управување со сметката на EquatePlus, контактирај со тимот во Computershare:
United Kingdom
+44 117 471 5342
United States
+1 877 505 8457
The plus "+" sign is an international exit code. You can replace it with the exit code of the country from which you are calling.
For example: if dialling from India, you may replace + with 00 followed by 91 (the dialling code for India) and dial 0091 117 471 5342.
Ако имате други прашања, едноставно испратете е-пошта до тимот:
Disclaimer
- This site is intended to provide information and not advice. No member of Flutter or any of their officers, employees, agents or representatives is giving you investment, tax or other advice in relation to Sharesave.
- Whether or not you decide to exercise your phantom Sharesave option is a personal decision which will have no impact on your employment relationship.
- The value of Flutter shares can go down as well as up.
- You may wish to seek independent, professional financial and/or tax advice if you need tailored advice specific to your circumstances.
- The information provided on this website and other communications is provided in good faith. If it conflicts with any official documentation or applicable legislation, they will prevail.