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NOVOMATIC to guide Independent Seat of Ainsworth Game Tech Board

NOVOMATIC to guide Independent Seat of Ainsworth Game Tech Board

Austrian maker of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said in a current 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 make sure that the Ainsworth Game tech board would continue having a directors that are independent.

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

Previously this thirty days, the company that is australian in a filing to your ASX that a shareholders meeting was in fact postponed for approximately a month. The meeting was scheduled to be held on June 3 and during it, investors had been to vote on the proposed transaction.

The meeting ended up being delayed because of ongoing talks on whether shareholding interests related to Mr. Ainsworth family should vote en bloc, possibly to your detriment associated with the remaining portion of the business’s investors.

Based on a Friday filing from Ainsworth Game tech to the ASX concerning the prospective takeover, NOVOMATIC has stated that upon the deal’s completion, if such completion happens, a completely independent person could be appointed as Chair regarding the Australian company.