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NOVOMATIC to aid Independent Chair of Ainsworth Game Technology Board

NOVOMATIC to aid Independent Chair of Ainsworth Game Technology 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 other provider and maker Ainsworth Game tech Ltd., it could right back the instant visit of a separate individual to your post of Chair associated with the second company’s board.

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

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

Early in the day this thirty days, the Australian business stated in a filing towards the ASX that a investors meeting was in fact postponed for up to a month. The meeting was scheduled to be held on June 3 and during it, shareholders were to vote in the proposed transaction.

The meeting had been delayed as a result of discussions that are ongoing whether shareholding interests pertaining to Mr. Ainsworth family should vote en bloc, perhaps to your detriment of the rest of the organization’s investors.

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