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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 recently available filing to the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and manufacturer Ainsworth Game tech Ltd., it could right back the immediate visit of a independent person towards the post of Chair of the second company’s board.

In addition, the Austrian gaming giant would make sure that the Ainsworth Game tech board would carry on having a separate directors bulk.

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

Previously this thirty days, the Australian business stated in a filing to the ASX that a investors conference had been postponed for approximately per month. The meeting ended up being scheduled become held on June 3 and during it, shareholders had been to vote in the proposed transaction.

The meeting was delayed due to ongoing discussions on whether shareholding interests associated with Mr. Ainsworth family members should vote en bloc, perhaps towards the detriment associated with rest of the company’s investors.

In accordance with a Friday filing from Ainsworth Game tech towards the ASX concerning the possible takeover, NOVOMATIC has stated that upon the deal’s completion, if such completion happens, an unbiased individual is appointed as seat for the company that is australian.

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