NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board
Austrian manufacturer of gear for the international 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 manufacturer Ainsworth Game tech Ltd., it might straight back the instant appointment of an independent individual to the post of seat of this latter organization’s board.
In addition, the Austrian gaming giant would ensure that the Ainsworth Game tech board would keep on having a independent directors bulk.
NOVOMATIC first announced intends to acquire the Australian-listed gaming business on February 23. The Austrian holding said that it would obtain a 53% stake in Ainsworth Game Technology from the latter’s Chairman and founder Len Ainsworth.
Earlier this month, the Australian business stated in a filing towards the ASX that a shareholders meeting was indeed postponed for approximately a month. The meeting ended up being scheduled become held on June 3 and during it, investors had been to vote on the proposed transaction.
The conference ended up being delayed because of ongoing discussions on whether shareholding interests pertaining to Mr. Ainsworth family should vote en bloc, possibly towards the detriment of the remaining portion of the organization’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 conclusion, if such completion does occur, an independent individual could be appointed as seat associated with Australian company. (mer…)