Austrian manufacturer of equipment for the international gambling industry and provider of related solutions NOVOMATIC AG stated in a recently available filing to the Australian Securities Exchange that if it completes the proposed takeover of fellow provider and maker Ainsworth Game tech Ltd., it might back the instant appointment of an separate individual towards the post of seat of this 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 acquire the gaming that is australian-listed on February 23. The Austrian holding stated that it would buy a 53% stake in Ainsworth Game tech from the latter's Chairman and creator Len Ainsworth.
Earlier this month, the Australian company said in a filing towards the ASX that a investors conference was postponed for approximately a month. The meeting was planned to be held on June 3 and during it, shareholders were to vote regarding the proposed transaction.
The meeting was delayed as a result of discussions that are ongoing whether shareholding passions pertaining to Mr. Ainsworth family should vote en bloc, perhaps towards the detriment for the rest of the business's shareholders.
Based on a Friday filing from Ainsworth Game tech to your ASX about the prospective takeover, NOVOMATIC has stated that upon the transaction's conclusion, if such completion occurs, an independent person could be appointed as seat of the company that is australian.