The Boards of Flutter Entertainment plc and The Stars Group Inc. announced that they have reached agreement on the terms of a recommended all-share combination to be implemented through an acquisition of TSG by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario). Upon completion, it is intended that the Combined Group's Board will comprise of: a 14-person Board drawing on expertise and experience of Flutter and TSG; Gary McGann, currently Chair of Flutter, will assume the role of Chair of the Combined Group; Divyesh (Dave) Gadhia, currently Executive Chairman of TSG, will assume the role of Deputy Chair of the Combined Group; Peter Jackson, currently CEO of Flutter, will assume the role of CEO of the Combined Group; Jonathan Hill, currently CFO of Flutter, will assume the role of CFO of the Combined Group; Rafi Ashkenazi, currently CEO of TSG, will assume the role of COO of the Combined Group; In addition, nine non-executive directors comprising five nominated by Flutter, three nominated by TSG and the appointment of Richard Flint, former CEO of SBG. As separately announced, Andrew Higginson is joining the Board of Flutter as a non-executive director with immediate effect.