NOVOMATIC to guide Independent Seat of Ainsworth Game Technology Board

NOVOMATIC to guide Independent Seat of Ainsworth Game Technology Board

Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG said in a current filing towards the Australian Securities Exchange that if it completes the proposed takeover of other provider and manufacturer Ainsworth Game tech Ltd., it would back the immediate appointment of a independent person to your post of seat regarding the second company’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 intends to find the gaming that is australian-listed on February 23. The Austrian holding stated that it might buy 53% stake in Ainsworth Game tech from the latter’s Chairman and founder Len Ainsworth.

Earlier this month, the company that is australian in a filing to the ASX that a shareholders conference have been postponed for approximately a month. The conference was scheduled to be held on June 3 and during it, investors had been to vote in the proposed transaction.

The conference had been delayed because of ongoing talks on whether shareholding passions pertaining to Mr. Ainsworth household should vote en bloc, possibly to the detriment of this rest of the company’s shareholders.

According to a Friday filing from Ainsworth Game tech towards the ASX about the prospective takeover, NOVOMATIC has said that upon the transaction’s completion, if such completion occurs, an independent person is appointed as Chair regarding the Australian business. Read more