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NOVOMATIC to Support Independent Seat of Ainsworth Game Technology Board

NOVOMATIC to Support Independent Seat of Ainsworth Game Technology Board

Austrian maker of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said in a current filing towards the Australian Securities Exchange that if it completes the proposed takeover of other provider and maker Ainsworth Game Technology Ltd., it would back the immediate visit of a independent individual towards the post of seat associated with the latter business’s board.

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

NOVOMATIC first announced intends to find the Australian-listed gaming company on February 23. The Austrian holding said that it could buy a 53% stake in Ainsworth Game Technology through the latter’s Chairman and founder Len Ainsworth.

Previously this month, the company that is australian in a filing towards the ASX that a shareholders conference was in fact postponed for approximately 30 days. The meeting ended up being scheduled become held on June 3 and during it, investors were to vote regarding the proposed transaction.

The meeting was delayed as a result of discussions that are ongoing whether shareholding interests regarding Mr. Ainsworth family members should vote en bloc, possibly towards the detriment associated with the remaining portion of the company’s investors.

According to a Friday filing from Ainsworth Game Technology to your ASX concerning the potential takeover, NOVOMATIC has said that upon the deal’s completion, if such completion occurs, an unbiased individual would be appointed as seat associated with the company that is australian. Continue reading