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Sky Bet and Paddy Power owner Flutter Entertainment PLC is setting the stage to appoint John Bryant as its new chair, according to Sky News on Saturday. According to Sky, the FTSE 100-listed Irish gambling firm is in talks with Bryant, a US-based businessman, and senior independent director at catering company Compass Group PLC. Citing a person ‘close to the process’, Sky reported that the appointment of Bryant was at an advanced stage, but was not yet finalised. It was ‘unclear’ whether other candidates were in talks with group over the weekend, Sky said. https://news.sky.com/story/compass-points-to-us-as-paddy-power-owner-lines-up-new-chairman-12852469 The move comes amid Flutter’s plans for an additional US listing. The resolution for the listing requires the approval of 75% of votes cast by Flutter shareholders, which will be decided at its annual general meeting later this month. If approved, Flutter said it will aim to implement the additional US listing during the final quarter of 2023. Besides being listed on the Main Market of the London Stock Exchange, Flutter already is traded on the New York-based over-the-counter market. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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