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NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

Monday, January 6th, 2020

NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

Austrian manufacturer of equipment for the worldwide 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 be sure that the Ainsworth Game Technology board would carry on having a separate directors majority.

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

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

The meeting ended up being delayed due to ongoing talks on whether shareholding passions pertaining to Mr. Ainsworth family members should vote en bloc, possibly towards the detriment of the rest of the business’s investors.

Based on a Friday filing from Ainsworth Game Technology to your ASX regarding the prospective takeover, NOVOMATIC has stated that upon the deal’s conclusion, if such conclusion does occur, a completely independent person would be appointed as seat for the Australian company. (more…)