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NOVOMATIC to Support Independent Seat of Ainsworth Game Tech Board

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NOVOMATIC to Support Independent Seat of Ainsworth Game Tech Board

Austrian maker of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a recent 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 visit of a separate individual to your post of seat of the latter organization’s board.

In addition, the Austrian gaming giant would make sure that the Ainsworth Game tech board would keep on having a directors that are independent.

NOVOMATIC first announced intends to get the gaming that is australian-listed on February 23. The Austrian holding said 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 month, the company that is australian in a filing to your ASX that a shareholders conference was in fact postponed for approximately a month. The conference was scheduled become held on June 3 and during it, shareholders were to vote on the proposed transaction.

The meeting ended up being delayed as a result of discussions that are ongoing whether shareholding interests associated with Mr. Ainsworth family members should vote en bloc, perhaps to your detriment for the remaining portion of the company’s shareholders.

According to a Friday filing from Ainsworth Game tech to the ASX concerning the potential takeover, NOVOMATIC has stated that upon the transaction’s completion, if such conclusion happens, an unbiased person is appointed as seat associated with the company that is australian.


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