Light & Wonder has officially converted its ASX Foreign Exempt Listing to an ASX Standard Listing while simultaneously delisting from Nasdaq, moves that were confirmed via a corporate governance statement filed with both the ASX and Securities Exchange Commission (SEC).
The move places the supplier fully under the ASX's governance framework and disclosure regime.
As part of the transition, the company will adopt a governance structure aligned with the ASX Corporate Governance Council's fourth-edition principles. Light & Wonder said it intends to comply with all ASX Recommendations from the date the conversion becomes effective.
The post-conversion board will consist of nine directors; three with executive or consulting roles and six independent non-employee directors, including a Lead Independent Director who will oversee executive sessions and coordinate the work of independent members.
To streamline oversight, the board has formed four standing committees: Audit, Compliance, Nominating & Corporate Governance, and Compensation. Together, these bodies cover financial reporting, regulatory compliance across global markets, board composition and environmental oversight, and executive-level compensation strategy.
Several core policies will also take effect at the time of listing conversion. The company's Disclosure Policy outlines continuous disclosure requirements under ASX Listing Rules and the SEC's Regulation Fair Disclosure.
A newly adopted Securities Trading Policy establishes quarterly blackout periods beginning at the close of the final trading day of each fiscal quarter and ending after one full trading day following the release of quarterly results.
The company has also implemented a Code of Business Conduct that addresses conflicts of interest, confidentiality and whistleblower protocols, as well as an Anti-Bribery and Corruption Policy that prohibits improper payments to government officials or other designated parties.
According to Light & Wonder, these measures reflect its commitment to stronger governance as it fully aligns with ASX standards and transitions away from its dual-listing structure.
The move had already been announced in October, when Light & Wonder said it would delist from Nasdaq and operate solely under an ASX listing
