LIGHT & WONDER INC.
ASX:LNWConsumer ServicesToday’s holders own 96.9% of what they think they own, once every option and right converts.
1 cash raise in 24 months
LIGHT & WONDER INC.'s latest filed share count of 77M is an ASX market reading; no share-count growth figure is stated because the filed Appendix 2A series ends earlier than the market reading. The company raised capital once in the past 24 months, a A$1.0B Senior Unsecured Notes Offering (Private) in September 2025. Options and rights could convert into 2M new shares, equal to 3.2% of the current share count, with none currently in the money. No option expiry date is on record. The company has no quarterly cash report runway figure on record to assess its funding position. No proposed securities issues are pending.
Quick answers · 3
When did LNW last raise capital?
The last capital raise in Light & Wonder's filings is Senior Unsecured Notes Offering (Private) of $1.00B announced 11 Sept 2025, one of 1 cash raises in 24 months.
How much placement capacity does LNW have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How many options and rights does LNW have outstanding?
Unexercised options and rights equal 3.2% of Light & Wonder's shares on issue.
Shares on issue — last 2 years
Cumulative figures as stated by the company on its daily notice. Latest notice
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 7 Oct 2026 | 3H · cancellation | LNW : CHESS DEPOSITARY INTERESTS 1:1 | 77.0M | Appendix 3H |
| 17 Sept 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS 1:1 | 77.0M | Appendix 3G |
| 14 July 2026 | 3H · cancellation | LNW : CHESS DEPOSITARY INTERESTS 1:1 | 77.0M | Appendix 3H |
| 10 July 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS 1:1 | 82.1M | Appendix 3G |
| 8 July 2026 | 3H · cancellation | LNW : CHESS DEPOSITARY INTERESTS | 82.1M | Appendix 3H |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
1 cash raise in the last 24 months · 0 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered841k · 1.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Condition-triggered1.6M · 2.1% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 2.4M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 2.4M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LNWAI | — | Condition-triggered | — | — | 521k | Filing |
| LNWAH | Options | Price-triggered, no exercise price stated | — | — | 841k | Filing |
| LNWAJ | — | Condition-triggered | — | — | 1.1M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | Antonia Korsanos | Other | 5k | 393k | 5k | — | 3Y notice |
| 1 Oct 2026 | Jamie Ronald Odell | Other | 5k | 393k | 5k | — | 3Y notice |
| 15 Sept 2026 | Matthew Richard Wilson | Other incentive | 44k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.