NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board
Austrian maker of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG said in a current filing to 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 make sure that the Ainsworth Game Technology board would carry on having a separate directors majority.
NOVOMATIC first announced plans to find the gaming that is australian-listed on February 23. The Austrian holding stated that it could purchase a 53% stake in Ainsworth Game Technology from the latter’s Chairman and founder Len Ainsworth.
Previously this thirty days, the Australian company stated in a filing towards the ASX that a investors meeting was in fact postponed for up to a month. The meeting had been scheduled to be held on June 3 and during it, shareholders had been to vote on the proposed transaction.
The conference was delayed because of ongoing talks on whether shareholding passions associated with Mr. Ainsworth family members should vote en bloc, perhaps to your detriment associated with remaining portion of the business’s investors.
Based on a Friday filing from Ainsworth Game tech to your ASX concerning the potential takeover, NOVOMATIC has said that upon the transaction’s conclusion, if such completion occurs, an unbiased person could be appointed as seat associated with the company that is australian. Continue reading