SEC Contract Filing

Filing Date: 2025-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.23
<SEQUENCE>14
<FILENAME>flut-20241231xex1023.htm
<DESCRIPTION>EX-10.23
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="ibc3c436efa50483b99fa54f6f4295d82_1"></div><div style="min-height:106.56pt;width:100%"><div style="padding-right:-47pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.23</font></div><div style="padding-right:-47pt"><img alt="image_011.jpg" src="image_011.jpg" style="height:124px;margin-bottom:5pt;vertical-align:text-bottom;width:839px"></div></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Private &#38; Confidential </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Rob Coldrake</font></div><div><font style="color:#000000;font-family:'Effra',sans-serif;font-size:11pt;font-weight:400;line-height:120%">37 St Stephen&#8217;s Avenue&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div><div><font style="color:#000000;font-family:'Effra',sans-serif;font-size:11pt;font-weight:400;line-height:120%">St Albans&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div><div><font style="color:#000000;font-family:'Effra',sans-serif;font-size:11pt;font-weight:400;line-height:120%">AL3 4AA&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">30 May 2024</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Dear Rob, </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Further to our recent discussions, I am delighted to confirm the terms of your appointment with Betfair Limited (the &#34;Company&#34;) as Chief Financial Officer (&#8220;CFO&#8221;), Flutter Entertainment plc. (&#34;Flutter&#34;), reporting to me, Chief Executive Officer of Flutter, effective 1 June 2024 (&#8220;the Commencement Date&#8221;). </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The full terms of your employment are outlined in a detailed Service Agreement which is provided to you with this letter and this offer is conditional on you signing that Service Agreement. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The remuneration package is as outlined below&#58;</font></div><div><font><br></font></div><div style="padding-left:14.2pt;text-indent:-14.2pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">1.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:125%;padding-left:5.86pt">Base Salary&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Your annual base salary from the Commencement Date will be &#163;730,000 (seven hundred and thirty thousand pounds) per annum, payable in arrears in twelve equal monthly instalments. </font></div><div style="padding-left:14.2pt;text-indent:-14.2pt"><font><br></font></div><div style="padding-left:14.2pt;text-indent:-14.2pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">2.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:125%;padding-left:5.86pt">Notice Period&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Your employment is terminable on not less than 12 (twelve) months&#8217; written notice by either party. </font></div><div><font><br></font></div><div style="padding-left:14.2pt;text-indent:-14.2pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">3.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:125%;padding-left:5.86pt">Place of Work&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">London Office with regular business travel which may include one week a month in the US. You agree that your place of work can be relocated, by the Company, on reasonable notice, to the US if this location is reasonably considered to be more appropriate by the Company for the operation and discharge of your duties.</font></div><div style="padding-left:14.2pt;text-indent:-14.2pt"><font><br></font></div><div style="padding-left:14.2pt;text-indent:-14.2pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">4.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:125%;padding-left:5.86pt">Annual Bonus&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:125%">You will be eligible to participate in Flutter&#8217;s discretionary annual cash bonus pla