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NOVOMATIC to Support Independent Chair of Ainsworth Game Tech Board

Posted on January 6, 2020. Filed under: no deposit casino bonuses |

NOVOMATIC to Support 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 to the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and maker Ainsworth Game Technology Ltd., it might straight back the immediate visit of an separate person to your post of Chair associated with the latter business’s board.

In addition, the Austrian gaming giant would ensure that the Ainsworth Game tech board would continue having a separate directors majority.

NOVOMATIC first announced intends to acquire the Australian-listed gaming company on February 23. The Austrian holding said that it could purchase a 53% stake in Ainsworth Game Technology through the latter’s Chairman and founder Len Ainsworth.

Earlier in the day this thirty days, the company that is australian in a filing to the ASX that a shareholders meeting was in fact postponed for approximately a month. The conference ended up being scheduled become held on June 3 and during it, shareholders were to vote in the proposed transaction.

The meeting ended up being delayed due to discussions that are ongoing whether shareholding passions pertaining to Mr. Ainsworth family should vote en bloc, perhaps towards the detriment associated with the rest of the organization’s shareholders.

In accordance with a Friday filing from Ainsworth Game tech towards the ASX about the prospective takeover, NOVOMATIC has stated that upon the deal’s completion, if such conclusion happens, a completely independent individual is appointed as Chair associated with the Australian business. (more…)

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