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NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board

Austrian maker of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said in a recent filing towards the Australian Securities Exchange that if it completes the proposed takeover of other provider and manufacturer Ainsworth Game tech Ltd., it might right back the immediate appointment of a independent person to your post of Chair of this second organization’s board.

In addition, the Austrian gaming giant would ensure that the Ainsworth Game Technology board would keep on having a independent directors bulk.

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

Previously this month, the company that is australian in a filing to the ASX that a shareholders conference was indeed postponed for up to per month. The conference ended up being scheduled to be held on June 3 and during it, investors were to vote in the proposed transaction.

The conference was delayed as a result of discussions that are ongoing whether shareholding interests regarding Mr. Ainsworth household should vote en bloc, possibly to the detriment for the remaining portion of the business’s shareholders.

Based on a Friday filing from Ainsworth Game Technology to the ASX about the potential takeover, NOVOMATIC has said that upon the transaction’s completion, if such conclusion happens, an independent person is appointed as seat of this company that is australian. Continue reading “NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board”