Austrian manufacturer of gear for the international gambling industry and provider of related solutions NOVOMATIC AG said in a recently available filing towards the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and manufacturer Ainsworth Game tech Ltd., it might straight back the immediate visit of an independent individual towards the post of seat associated with the latter business's board.
In addition, the Austrian gaming giant would ensure that the Ainsworth Game tech board would carry on having a directors that are independent.
NOVOMATIC first announced plans to find the gaming that is australian-listed on February 23. The Austrian holding said that it might buy a 53% stake in Ainsworth Game Technology through the latter's Chairman and creator Len Ainsworth.
Early in the day this thirty days, the Australian business said in a filing to the ASX that a shareholders conference had been postponed for approximately per month. The conference was scheduled to be held on June 3 and during it, investors were to vote in the proposed transaction.
The conference ended up being delayed as a result of ongoing discussions on whether shareholding passions related to Mr. Ainsworth family should vote en bloc, perhaps to the detriment of this remaining portion of the company's investors.
According to a Friday filing from Ainsworth Game tech to the ASX regarding the prospective takeover, NOVOMATIC has said that upon the transaction's completion, if such completion occurs, an independent individual is appointed as seat for the company that is australian.