Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder”,
“L&W” or the “Company”) today announced that the Australian
Securities Exchange (“ASX”) has conditionally approved the
Company’s secondary listing on the ASX.
Indicative timetable
It is anticipated that Light & Wonder will be admitted to
the official list of the ASX, as an ASX Foreign Exempt Listing, on
Thursday, May 18, 2023 (AEST) (Wednesday, May 17, 2023 (EDT)).
Official quotation of L&W CHESS Depositary Interests
(“CDIs”) is expected to commence at 11:00 a.m. (AEST) on Monday,
May 22, 2023 (9:00 p.m. (EDT) on Sunday, May 21, 2023) (ASX:
LNW).
The secondary listing and official quotation remain subject to
final approval by the ASX. There can be no assurance as to their
timing or completion.
Each CDI will represent one fully paid share of common stock
(“Share”) of L&W.
What do I need to do and by when?
No action is required by existing L&W shareholders who wish
to retain their holding as Shares on L&W’s primary NASDAQ
listing.
Existing L&W shareholders who wish to convert some or all of
their Shares into CDIs may do so by:
- Completing the Notice of Transmutation form (“Form”), available
on L&W’s investor website at www.lnw.com/investors or reach out
to L&W’s U.S. transfer agent, American Stock Transfer &
Trust Company, LLC (“AST”), using the contact information listed
below; and
- Sending the completed Form to AST, per delivery instructions
outlined on page two of the Form. Shares being held through a
broker should be delivered via the Depositary Trust Company’s
Deposit/Withdrawal At Custodian method. For Shares held in
book-entry form only submission of the Form is required. For Shares
held in physical form, original Share certificates must be mailed
with the form to AST at the address below.
All inquiries regarding the conversion of L&W Shares to CDIs
(and vice versa) should be directed to the Company’s U.S transfer
agent or Australian registrar, as applicable.
Holders of Shares, tradable on
Nasdaq
Holders of CDIs, tradable on
the ASX
U.S. Transfer Agent
Australian Registrar
American Stock Transfer & Trust
Company, LLC
6201 15th Avenue
Brooklyn, New York, 11219
United States
Tel: +1 718-921-8124
Email: paula.Caroppoli@equiniti.com &
admin43@equiniti.com
Website: https://www.astfinancial.com/
Global Transaction team
Computershare Investor Services Pty
Limited
PO Box 103 Abbotsford
Victoria 3067 Australia
(within Australia) 1300 731 056
(international) +61 3 9415 5361
Email: gtuau@computershare.com.au
Website:
https://www.computershare.com/au
© 2023 Light & Wonder Inc. All rights reserved.
About Light & Wonder, Inc.
Light & Wonder, Inc., is a global leader in cross-platform
games and entertainment. Light & Wonder brings together
approximately 6,000 employees from six continents to connect
content between land-based and digital channels with unmatched
technology and distribution. Guided by a culture that values daring
teamwork and creativity, the Company builds new worlds of play,
developing game experiences loved by players around the globe. Its
OpenGaming™ platform powers the largest digital-gaming network in
the industry. The Company is committed to the highest standards of
integrity, from promoting player responsibility to implementing
sustainable practices. To learn more, visit lnw.com.
Advisors
Light & Wonder has retained Goldman Sachs Australia Pty Ltd
and Jarden Australia Pty Limited to advise on the secondary listing
on the ASX. Herbert Smith Freehills is acting as Australian legal
advisor and Cravath, Swaine & Moore LLP is acting as U.S. legal
advisor to Light & Wonder.
Forward-Looking Statements
In this press release, the Company makes “forward-looking
statements” within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements describe
future expectations, plans, results or strategies and can often be
identified by the use of terminology such as “may,” “will,”
“estimate,” “intend,” “plan,” “continue,” “believe,” “expect,”
“anticipate,” “target,” “should,” “could,” “potential,”
“opportunity,” “goal” or similar terminology. These statements are
based upon management’s current expectations, assumptions and
estimates and are not guarantees of timing, future results or
performance. Therefore, you should not rely on any of these
forward-looking statements as predictions of future events. Actual
results may differ materially from those contemplated in these
statements due to a variety of risks and uncertainties and other
factors, including those factors described in the Company’s filings
with the Securities and Exchange Commission (the “SEC”), including
the Company’s current reports on Form 8-K, quarterly reports on
Form 10-Q and its annual report on Form 10-K that was filed with
the SEC on March 1, 2023 (including under the headings
“Forward-Looking Statements” and “Risk Factors”). Forward-looking
statements speak only as of the date they are made and, except for
the Company’s ongoing obligations under the U.S. federal securities
laws, the Company undertakes no obligation to publicly update any
forward-looking statements whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230517005768/en/
Investor Inquiries: Nick Zangari, Senior Vice President
of Investor Relations Steve Wan, Senior Director of Investor
Relations Email: ir@lnw.com
Media Inquiries: newsmedia@lnw.com
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