NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

Austrian maker of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said in a recent 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 be sure that the Ainsworth Game tech board would keep on having a separate directors bulk.

NOVOMATIC first announced intends to get the gaming that is australian-listed on February 23. The Austrian holding stated that it could buy 53% stake in Ainsworth Game Technology through the latter’s Chairman and creator Len Ainsworth.

Previously this month, the company that is australian in a filing towards the ASX that a shareholders conference was postponed for up to 30 days. The meeting ended up being scheduled to be held on June 3 and during it, investors had been to vote on the proposed transaction.

The conference had been delayed because of discussions that are ongoing whether shareholding passions associated with Mr. Ainsworth household should vote en bloc, perhaps to your detriment associated with the remaining portion of the company’s shareholders.

Based on a Friday filing from Ainsworth Game tech to the ASX concerning the prospective takeover, NOVOMATIC has said that upon the transaction’s conclusion, if such conclusion does occur, a completely independent individual would be appointed as Chair associated with Australian company. Continue reading NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board →