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NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

January 6, 2020 no deposit casino bonuses  No comments

NOVOMATIC to aid Independent Chair of Ainsworth Game Tech Board

Austrian manufacturer of equipment for the worldwide gambling industry and provider of related solutions NOVOMATIC AG said in a recently available 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 tech board would continue having a directors that are independent.

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

Earlier this month, the company that is australian in a filing towards the ASX that a shareholders meeting have been postponed for up to per month. The meeting was planned to be held on June 3 and during it, shareholders had been to vote on the proposed transaction.

The meeting ended up being delayed because of ongoing discussions on whether shareholding passions associated with Mr. Ainsworth family should vote en bloc, perhaps to your detriment of the rest of the organization’s shareholders.

In accordance with a Friday filing from Ainsworth Game Technology towards the ASX about the possible takeover, NOVOMATIC has said that upon the deal’s conclusion, if such completion does occur, an unbiased individual could be appointed as Chair of the company that is australian. What is more, the board...

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