Light & Wonder provides update on transition to sole ASX listing

The company has confirmed that the delisting is expected to take effect next month.

Australia.- Light & Wonder has provided an update regarding its intention to delist its common stock from the Nasdaq Stock Market in the United States and transition to a sole primary listing on the Australian Securities Exchange (ASX). The delisting is expected to take effect prior to open of trading on November 13. That means the last day of trading on Nasdaq will be November 12.

Light & Wonder said: “The decision to transition to a sole ASX primary listing reflects Light & Wonder’s strategic focus on aligning our capital markets presence with our long-term growth plans and shareholder base. We are seeking to consolidate trading liquidity onto the ASX, a deep and liquid market that has a robust understanding of the gaming sector.”

The company launched on the ASX as a secondary listing in May 2023. It announced plans to drop its Nasdaq listing this February.

Light & Wonder recently announced the appointment of Rohan Gallagher as executive vice president (EVP), global chief corporate affairs officer. In the newly created role, Gallagher will be based in Sydney and will be responsible for investor relations, environmental, social, and governance, corporate social responsibility and global communications.

For Q2, the company reported revenue of $809m, down 1 per cent year-over-year. Net income increased 16 per cent to $95m. Consolidated AEBITDA was $352m, up 7 per cent.

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See also: Light & Wonder names Rohan Gallagher as EVP, global chief corporate affairs officer

The company has confirmed that the delisting is expected to take effect next month. Australia.- Light & Wonder has provided an update regarding its intention to delist its common stock…