NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board
Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a recently available filing towards 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 ensure that the Ainsworth Game Technology board would continue having a separate directors majority.
NOVOMATIC first announced intends to acquire the gaming that is australian-listed on February 23. The Austrian holding stated that it might buy 53% stake in Ainsworth Game tech through the latter’s Chairman and founder Len Ainsworth.
Earlier this thirty days, the Australian business stated in a filing to the ASX that a shareholders conference was in fact postponed for up to per month. The meeting had been scheduled to be held on June 3 and during it, investors were to vote regarding the proposed transaction.
The conference was delayed because of ongoing conversations on whether shareholding interests related to Mr. Ainsworth family should vote en bloc, perhaps towards the detriment for the remaining portion of the business’s shareholders.
According to a Friday filing from Ainsworth Game tech to your ASX regarding the potential takeover, NOVOMATIC has said that upon the transaction’s conclusion, if such completion does occur, a completely independent individual will be appointed as seat regarding the company that is australian. Continue reading “NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board”