Global supplier Light & Wonder has announced that it plans to transfer its $1.5 billion share buyback program from NASDAQ to the Australian Securities Exchange (ASX). The program will apply to the company’s CHESS Depositary Interests (CDIs) traded on the ASX once the transition to a sole listing is completed.
On 11 June 2024, Light & Wonder announced a multi-year share buyback program of $1 billion, valid until 12 June 2027, which was later increased to $1.5 billion in July 2025.
In a statement released on Friday, Light & Wonder said that the repurchase of common stock in the United States will continue until the company is delisted from NASDAQ, which may take place around 13 November 2025. However, starting from 7 November, the company stated its intention to expand the buyback program to include CDIs listed on the ASX.
The remaining capacity under the share buyback program for shares and ASX-listed CDIs as of the close of NASDAQ trading on 5 November 2025 was approximately $705 million. The company also noted that it expects to use a “significant portion” of the remaining capacity before 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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