NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board

NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG said in a recent filing to the Australian Securities Exchange that if it completes the proposed takeover of other provider and manufacturer Ainsworth Game tech Ltd., it could back the immediate appointment of an separate person to the post of Chair regarding the latter company’s board. In addition, the Austrian gaming giant would ensure that the Ainsworth Game Technology board would keep on having a separate directors majority. NOVOMATIC first announced plans to acquire the Australian-listed video gaming business on February 23. The Austrian holding said that it could buy 53% stake in Ainsworth Game Technology through the latter’s Chairman and founder Len Ainsworth. Early in the day this thirty days, the Australian company said in a filing to the ASX that a investors conference was postponed for up to per month. The conference ended up being scheduled become held on June 3 and during it, investors were to vote in the proposed transaction. The meeting had been delayed because of ongoing discussions on whether shareholding passions pertaining to Mr. Ainsworth family members should vote en bloc, possibly towards the detriment of the rest of the organization’s shareholders. According to a Friday filing from Ainsworth Game Technology to the ASX about the prospective takeover, NOVOMATIC has stated that upon the transaction’s conclusion, if such completion occurs, an unbiased person is appointed as Chair of this Australian business. What is more, the board is represented by a most of independent directors before the end...
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