Light & Wonder Reports Significant Increase in CDIs

Light & Wonder Inc. (ASX: LNW) has reported an increase in the total number of CDIs (Chess Depositary Interests) quoted on the ASX at the end of February 2024. The company's total number of CDIs quoted on the ASX at the end of the statement month stood at 17,658,204, marking a significant rise from the 15,538,557 CDIs quoted at the end of the previous month. This represents a net difference of 2,119,647.

The increase in CDIs is attributed to net transfers of securities between CDIs and common stock as quoted or held on NASDAQ. Additionally, Light & Wonder Inc. reported a decrease in the total number of securities not represented by CDIs quoted on the ASX. The total number of securities at the end of February 2024 stood at 72,171,073, down from 74,289,805 at the end of the previous month, resulting in a net difference of -2,118,732. This decrease is explained by the transfer of securities between CDIs and shares of common stock, as well as an increase in total shares outstanding pursuant to the vesting of the issuer's outstanding restricted stock units to shares of common stock.

The market has reacted to these announcements by moving the company's shares -0.5% to a price of $101.34. If you want to know more, read the company's complete 8-K report here.

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