Global industry supplier Light & Wonder says it plans to transfer its US$1.5 billion share repurchase program from the NASDAQ to the Australian Securities Exchange, with the program to apply to the company’s CHESS Depositary Interests (CDIs) on the ASX once the move towards a sole listing is complete.
Light & Wonder announced on 11 June 2024 a US$1 billion multi-year Share Repurchase Program, authorized until 12 June 2027, which it later increased to US$1.5 billion in July 2025.
In a Friday filing, Light & Wonder said the buyback of common stock will continue to occur in the US until Light & Wonder delists from the NASDAQ on or around 13 November 2025.
However, as of 7 November, the company said it intends to extend the Share Repurchase Program to include a buy-back of CDIs listed on the ASX.
The total capacity remaining under the Share Repurchase Program for both shares and ASX-listed CDIs as at the end of trading on the NASDAQ on 5 November 2025 was approximately US$705 million, Light & Wonder explained, adding that it expects to utilize a “meaningful share” of the remaining available capacity prior to the end of this year.
“The timing and amount of shares and CDIs bought back under the Share Repurchase Program will be determined by Light & Wonder from time to time at its discretion based on its evaluation of market conditions, share price and other factors,” the company said.
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