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 worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a recent filing towards the Australian Securities Exchange that if it completes the proposed takeover of other provider and maker Ainsworth Game Technology Ltd., it might straight back the immediate appointment of an independent person to your post of seat associated with the latter business’s board.

In addition, the Austrian gaming giant would be sure that the Ainsworth Game Technology board would keep on having a directors that are independent.

NOVOMATIC first announced plans to get the gaming that is australian-listed on February 23. The Austrian holding stated that it could purchase a 53% stake in Ainsworth Game tech from the latter’s Chairman and creator Len Ainsworth.

Previously this thirty days, the Australian company stated in a filing to the ASX that a shareholders meeting had been postponed for up to a month. The conference was planned to be held on June 3 and during it, investors were to vote in the proposed transaction.

The conference ended up being delayed because of discussions that are ongoing whether shareholding passions regarding Mr. Ainsworth family should vote en bloc, perhaps to your detriment of the rest of the company’s shareholders.

According to a Friday filing from Ainsworth Game Technology to the ASX about the possible takeover, NOVOMATIC has stated that upon the deal’s conclusion, if such completion happens, a completely independent individual would be appointed as seat of this company that is australian. (mais…)

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