Global gaming supplier Light & Wonder has confirmed it expects to delist from the NASDAQ prior to the open of trading on 13 November – exactly one month from now – and to commence trading on the Australian Securities Exchange on a sole basis from 14 November.
Providing an updated timetable for its listing plans, the company explained that it will file a notice of delisting with the SEC on Monday 3 November with last day of trading scheduled for Wednesday 12 November. Trading will then be suspended at close of trading on that same day.
“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,” the company explained.
“We are seeking to consolidate trading liquidity onto the ASX, a deep and liquid market that has a robust understanding of the gaming sector.”
Light & Wonder said that existing NASDAQ shareholders will be required to convert their shares into CHESS Depository Interests – which represent a beneficial interest in shares – if they wish to continue trading.
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