NOVOMATIC to guide Independent Chair of Ainsworth Game Technology Board

Austrian maker 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 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 be sure that the Ainsworth Game Technology board would keep on having a directors that are independent.

NOVOMATIC first announced plans to acquire the Australian-listed gaming company on February 23. The Austrian holding stated that it would buy a 53% stake in Ainsworth Game Technology from the latter’s Chairman and founder Len Ainsworth.

Early in the day this month, the Australian business said in a filing to your ASX that a shareholders conference was in fact postponed for up to 30 days. The conference had been planned become held on June 3 and during it, investors were to vote in the proposed transaction.

The meeting had been delayed as a result of ongoing talks on whether shareholding interests related to Mr. Ainsworth family members should vote en bloc, possibly towards the detriment of this remaining portion of the business’s shareholders.

In accordance with a Friday filing from Ainsworth Game tech to the ASX regarding the prospective takeover, NOVOMATIC has stated that upon the transaction’s conclusion, if such conclusion occurs, an independent person would be appointed as seat associated with the Australian business. What’s more, the board would be represented by way of a majority of independent directors before the final end of 2018 or until NOVOMATIC and associates get more than 75% in Ainsworth Game Technology.

Nonetheless, it absolutely was revealed in the filing that if third events check out gain control of the gaming technology company or ‘any unexpected circumstance’ related to its operations occur, the above-mentioned pledge would not apply.

With core operations in European countries, NOVOMATIC was seeking to expanding its presence in other markets too. Last year, the business reported full-year revenue of €3.9 billion and EBIT of €374 million. It currently has company activities in 80 countries around the global world and employs a lot more than 24,000 people.

888poker Partners Super tall Roller Bowl and Poker Central for Branding visibility

Online poker room 888poker has established another partnership agreement that is important. The most popular brand has partnered utilizing the Super tall Roller Bowl and poker television system Poker Central to secure visibility during the 2nd edition of this major roller tournament that is high.

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