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NOVOMATIC to guide Independent Seat of Ainsworth Game Technology Board

6 Jan , 2020,
Beth Weissman
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NOVOMATIC to guide Independent Seat of Ainsworth Game Technology Board

Austrian maker of gear for the worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a recently available filing towards 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 make sure that the Ainsworth Game Technology board would keep on having a directors that are independent.

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

Early in the day this month, the Australian business said in a filing to the ASX that a shareholders meeting was in fact postponed for approximately 30 days. The conference was planned become held on June 3 and during it, shareholders had been to vote in the proposed transaction.

The meeting ended up being delayed due to discussions that are ongoing whether shareholding interests related to Mr. Ainsworth family members should vote en bloc, possibly to the detriment of the rest of the company’s investors.

According to a Friday filing from Ainsworth Game tech towards the ASX regarding the possible takeover, NOVOMATIC has stated that upon the deal’s completion, if such conclusion does occur, an unbiased person is appointed as Chair of the company that is australian.

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