NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board

NOVOMATIC to aid 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 current filing to the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and maker Ainsworth Game tech Ltd., it could right back the instant appointment of a separate individual to your post of Chair for the second organization’s board.

In addition, the Austrian gaming giant would ensure that the Ainsworth Game tech board would keep on having a separate directors majority.

NOVOMATIC first announced intends to get the gaming that is australian-listed on February 23. The Austrian holding said that it might purchase a 53% stake in Ainsworth Game Technology through the latter’s Chairman and founder Len Ainsworth.

Previously this month, the Australian company stated in a filing towards the ASX that a shareholders conference was indeed postponed for approximately per month. The meeting ended up being planned become held on June 3 and during it, shareholders were to vote regarding the proposed transaction.

The conference had been delayed as a result of ongoing discussions on whether shareholding interests related to Mr. Ainsworth household should vote en bloc, possibly to the detriment associated with the rest of the business’s investors.

Based on a Friday filing from Ainsworth Game Technology towards the ASX about the possible takeover, NOVOMATIC has stated that upon the transaction’s completion, if such completion occurs, an independent person will be appointed as Chair associated with company that is australian. Continue reading “NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board”