NOVOMATIC to Support Independent Chair of Ainsworth Game Technology Board

NOVOMATIC to Support Independent Chair of Ainsworth Game Technology Board

Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG said in a recently available 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 ensure that the Ainsworth Game tech board would continue having a directors that are independent.

NOVOMATIC first announced intends to find the gaming that is australian-listed on February 23. The Austrian holding said that it might obtain a 53% stake in Ainsworth Game Technology from the latter’s Chairman and creator Len Ainsworth.

Early in the day this thirty days, the Australian company said in a filing to your ASX that a shareholders meeting have been postponed for approximately 30 days. The meeting was scheduled to be held on June 3 and during it, shareholders were to vote in the proposed transaction.

The meeting had been delayed due to ongoing discussions on whether shareholding passions associated with Mr. Ainsworth household should vote en bloc, perhaps towards the detriment associated with rest of the business’s investors.

In accordance with a Friday filing from Ainsworth Game tech to the ASX concerning the potential takeover, NOVOMATIC has said that upon the transaction’s completion, if such completion occurs, a completely independent individual would be appointed as seat associated with the company that is australian. Continue reading NOVOMATIC to Support Independent Chair of Ainsworth Game Technology Board