Light & Wonder, Inc. Chess Depositary Interest (TJW0)

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https://www.lnw.com

Light & Wonder, Inc. Chess Depositary Interest is a financial instrument that represents beneficial ownership in the ordinary shares of Light & Wonder, Inc., a global cross-platform gaming company. The Chess Depositary Interest (CDI) structure allows investors in Australia to gain exposure to Light & Wonder’s shares, which are primarily issued overseas, and facilitates trading through the CHESS electronic settlement system. As a CDI, investors do not hold legal title to the underlying shares; instead, that remains with the nominated depositary, while CDI holders receive all associated economic benefits such as dividends, rights issues, and bonus shares. Light & Wonder, Inc. operates across three main segments: Gaming, SciPlay, and iGaming, delivering content and systems for land-based casinos, social gaming platforms, and online gambling operators globally. The company is recognized for its advanced gaming machines, systems, and content distribution platforms that serve commercial, tribal, and government gaming markets. The CDI structure enhances market accessibility for Australian investors, provides streamlined local trading and settlement, and supports corporate actions in accordance with Australian regulations, while maintaining the flexibility to convert CDIs to the underlying foreign shares if required.