{"id":777033902,"date":"2025-10-30T09:29:24","date_gmt":"2025-10-30T12:29:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777033902"},"modified":"2026-04-21T17:38:11","modified_gmt":"2026-04-21T20:38:11","slug":"ainsworth-board-reaffirms-support-for-novomatics-takeover-bid","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ainsworth-board-reaffirms-support-for-novomatics-takeover-bid","title":{"rendered":"Ainsworth board reaffirms support for Novomatic\u2019s takeover bid\u00a0"},"content":{"rendered":"\n

Ainsworth Game Technology\u2019s Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG\u2019s off-market offer.<\/p>\n\n\n\n\n\n\n\n

Australia.- Ainsworth Game Technology <\/strong>has reaffirmed its support for the unconditional off-market takeover bid<\/strong> by Novomatic AG<\/strong>. The company\u2019s Independent Board Committee (IBC)<\/strong> recommended that shareholders accept the offer for all ordinary shares<\/a> not already owned by the Austrian company.<\/p>\n\n\n\n

The offer, valid until November 3, values Ainsworth at approximately AUD336.8m (US$222.5m). Novomatic currently controls 61.6 per cent<\/strong> of Ainsworth\u2019s shares, up from the 52.9 per cent<\/strong> acquired in 2016 from company founder Len Ainsworth<\/strong>. It has signalled its intention to delist Ainsworth<\/strong> once its ownership surpasses 75 per cent. The company may also pursue compulsory acquisition<\/strong> should its stake exceed 90 per cent.<\/p>\n\n\n\n

The reaffirmation of support follows a proportional takeover proposal<\/strong> from Kjerulf David Hastings Ainsworth<\/strong>, the company’s founder\u2019s son, who has offered to acquire 2.9 per cent of each shareholder\u2019s holdings at AUD 1.30 (US$0.85) per share, a 28.7 per cent premium. The IBC said this does not constitute a superior proposal<\/strong> and advised shareholders to take no action<\/strong> on it at this stage.<\/p>\n\n\n\n

Kjerulf Ainsworth said the intention behind his offer was to make the higher price available to all shareholders while maintaining his ownership below 10 per cent. <\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Ainsworth CEO Harald Neumann resigns after rebuke from Nevada regulator<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Ainsworth Game Technology\u2019s Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG\u2019s off-market offer.<\/p>\n","protected":false},"author":680,"featured_media":777033918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Ainsworth Game Technology's Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG's unconditional off-market takeover bid, valuing the company at AUD336.8m. This reaffirmation follows a proportional takeover proposal from Kjerulf David Hastings Ainsworth, which the IBC advised against. Novomatic, already holding 61.6% of Ainsworth, intends to delist the company upon surpassing 75% ownership.","focusai_entities":"Ainsworth Game Technology, Novomatic AG, Independent Board Committee, Kjerulf David Hastings Ainsworth, Len Ainsworth","focusai_location":"Australia, Austria","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (1.0), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Delisting Implications","query":"What are the specific regulatory and market implications for Ainsworth Game Technology's shareholders and the broader Australian market if Novomatic AG achieves a stake exceeding 75% and proceeds with delisting?"},{"label":"IBC's Superiority Assessment","query":"What specific financial and strategic criteria did Ainsworth's Independent Board Committee apply to determine that Kjerulf Ainsworth's proportional offer did not constitute a superior proposal to Novomatic AG's unconditional bid?"}],"footnotes":""},"categories":[16336,157],"tags":[24899,289,24900],"class_list":["post-777033902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-ainsworth-game-technology","tag-australia","tag-novomatic-ag"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777033902"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033902\/revisions"}],"predecessor-version":[{"id":777033935,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033902\/revisions\/777033935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777033918"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777033902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777033902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777033902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}