NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

NOVOMATIC to aid Independent Chair of Ainsworth Game Tech 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 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 keep on having a directors that are independent.

NOVOMATIC first announced intends to find the Australian-listed gaming company on February 23. The Austrian holding stated that it could buy 53% stake in Ainsworth Game Technology from the latter’s Chairman and creator Len Ainsworth.

Earlier this thirty days, the Australian company stated in a filing to the ASX that a investors meeting was in fact postponed for approximately per month. The conference ended up being planned become held on June 3 and during it, investors had been to vote regarding the proposed transaction.

The conference ended up being delayed due to ongoing conversations on whether shareholding passions regarding Mr. Ainsworth family should vote en bloc, possibly to the detriment associated with the remaining portion of the company’s investors.

Based on a Friday filing from Ainsworth Game Technology to the ASX about the prospective takeover, NOVOMATIC has said that upon the transaction’s completion, if such completion occurs, a completely independent person will be appointed as seat associated with the Australian company. […]