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NOVOMATIC to aid Independent Seat of Ainsworth Game Technology Board

Monday, January 6th, 2020

NOVOMATIC to aid Independent Seat of Ainsworth Game Technology Board

Austrian manufacturer of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing towards the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and maker Ainsworth Game Technology Ltd., it would back the immediate visit of a separate person towards the post of Chair of the latter company’s board.

In addition, the Austrian gaming giant would ensure that the Ainsworth Game Technology board would continue having a directors that are independent.

NOVOMATIC first announced intends to find the Australian-listed video gaming business on February 23. The Austrian holding stated that it would buy a 53% stake in Ainsworth Game tech from 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 conference had been postponed for approximately a month. The meeting was planned become held on June 3 and during it, shareholders were to vote regarding the proposed transaction.

The meeting was delayed because of ongoing conversations on whether shareholding passions regarding Mr. Ainsworth household should vote en bloc, possibly towards the detriment of this rest of the company’s shareholders.

Based on a Friday filing from Ainsworth Game tech to the ASX about the possible takeover, NOVOMATIC has said that upon the deal’s completion, if such completion occurs, an unbiased individual could be appointed as Chair associated with company that is australian. (more…)