NOVOMATIC to guide Independent Chair of Ainsworth Game Tech Board
Austrian manufacturer of gear for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a current filing towards 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 Technology board would carry on having a directors that are independent.
NOVOMATIC first announced plans to get the gaming that is australian-listed on February 23. The Austrian holding stated that it might buy a 53% stake in Ainsworth Game Technology from the latter’s Chairman and creator Len Ainsworth.
Previously this month, the company that is australian in a filing to the ASX that a shareholders conference was in fact postponed for up to 30 days. The meeting had been scheduled become held on June 3 and during it, shareholders had been to vote in the proposed transaction.
The meeting had been delayed because of discussions that are ongoing whether shareholding passions related to Mr. Ainsworth family should vote en bloc, possibly to your detriment associated with rest of the business’s investors.
According to a Friday filing from Ainsworth Game tech to the ASX regarding the possible takeover, NOVOMATIC has stated that upon the transaction’s completion, if such conclusion happens, an unbiased person is appointed as seat of this company that is australian.
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