NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board

NOVOMATIC to aid Independent Seat of Ainsworth Game Tech Board

Austrian maker of gear for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said in a recent filing to the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and maker Ainsworth Game tech Ltd., it would back the instant appointment of a independent individual to your post of seat for the latter company’s board.

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

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

Earlier in the day this month, the Australian business stated in a filing towards the ASX that a investors meeting have been postponed for up to per month. The meeting was scheduled become held on June 3 and during it, investors had been to vote regarding the proposed transaction.

The conference ended up being delayed as a result of ongoing discussions on whether shareholding passions related to Mr. Ainsworth family members should vote en bloc, possibly to the detriment associated with rest of the business’s investors.

According to a Friday filing from Ainsworth Game tech to the ASX concerning the possible takeover, NOVOMATIC has said that upon the deal’s completion, if such completion occurs, an unbiased individual is appointed as Chair of the company that is australian. […]