NOVOMATIC to Support Independent Seat of Ainsworth Game Technology Board

NOVOMATIC to Support Independent Seat of Ainsworth Game Technology Board

Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG said in a current filing to the Australian Securities Exchange that it would back the immediate appointment of an independent individual to the post of Chair of the latter company’s board if it completes the proposed takeover of fellow provider and manufacturer Ainsworth Game Technology Ltd.

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

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

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

The meeting had been delayed because of ongoing conversations on whether shareholding interests associated with Mr. Ainsworth household should vote en bloc, possibly towards the detriment of this rest of the organization’s shareholders.

According to a Friday filing from Ainsworth Game Technology to your ASX concerning the possible takeover, NOVOMATIC has stated that upon the deal’s conclusion, if such completion occurs, a completely independent individual could be appointed as seat regarding the Australian business. Continue reading