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NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board

NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board

Austrian maker of gear for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said 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 might back the instant visit of a independent individual to the post of seat for the latter company’s board.

In addition, the Austrian gaming giant would be sure that the Ainsworth Game Technology board would carry on having a independent directors majority.

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

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

The conference ended up being delayed due to discussions that are ongoing whether shareholding passions pertaining to Mr. Ainsworth family members should vote en bloc, perhaps towards the detriment of the remaining portion of the business’s shareholders.

According to a Friday filing from Ainsworth Game Technology towards the ASX regarding the possible takeover, NOVOMATIC has stated that upon the transaction’s completion, if such conclusion happens, an independent person is appointed as seat of this company that is australian. . . .