NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board

NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board

Austrian manufacturer of gear for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing towards the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and manufacturer Ainsworth Game tech Ltd., it might right back the instant appointment of an separate individual to the post of Chair regarding the latter company’s board.

In addition, the Austrian gaming giant would make sure that the Ainsworth Game Technology board would carry on having a separate directors majority.

NOVOMATIC first announced plans to get the Australian-listed gaming business on February 23. The Austrian holding stated that it could obtain a 53% stake in Ainsworth Game Technology from the latter’s Chairman and founder Len Ainsworth.

Earlier in the day this thirty days, the company that is australian in a filing to the ASX that a shareholders meeting was postponed for up to a month. The meeting ended up being planned to be held on June 3 and during it, investors had been to vote regarding the proposed transaction.

The meeting had been delayed because of discussions that are ongoing whether shareholding interests related to Mr. Ainsworth family should vote en bloc, perhaps to your detriment of this rest of the company’s shareholders.

According to a Friday filing from Ainsworth Game Technology to the ASX about the potential takeover, NOVOMATIC has said that upon the deal’s conclusion, if such conclusion happens, an unbiased individual would be appointed as Chair of the company that is australian. Читать/смотреть далее