On June 27, right after holding a shareholders meeting earlier the same day, the minority of shareholders at Ainsworth approved the Novomatic’s propostion concerning the acquirement of 53% stake in Ainsworth Game Technology (AGT).
Owing to the relationship that gets the chance to be successfully established, it is expected that AGT’s development will soon accelerate and will be also able to support the growth and creation of a company that is stronger and having deeper product breadth, which will help the company to be more competitive while standing against international gaming conglomerates.
As the Chief Executive Officer of Novomatic, Harald Neumann expressed, owing to the major shareholding by Novomatic, AGT will get great benefits coming from the collaboration across a range of markets, which as a result will happen to be substantially positive when taking into consideration a long-term shareholder wealth creation.
Neumann emphasized: “We value the trust and support by the minority shareholders through the positive vote of approving the share transaction and will make every effort to meet their expectations. We will commence implementing the binding commitments as outlined in the Notice of Meeting to crystallize the expected benefits of the relationship.”
He aslo pointed out in the further comment that the completion of the share sale will also be connected to a wide range of regulatory and gaming license approvals.
At the same time, Danny Gladstone, the Chief Executive Officer at Ainsworth Game Technology, added: “We are delighted to have received shareholder support and look forward to working with Novomatic on the completion of this transaction and delivering on the expected benefits for our shareholders.”
The NOVOMATIC Group is known to be one of the biggest international producers and operators of gaming technologies, employing currently more than 24,000 staff worldwide. Founded in 1980, the group has now locations in more than 50 countries and exports high-tech electronic gaming equipment and solutions to 80 countries. The Group operates more than 235,000 gaming terminals in its some 1,600 plus gaming operations as well as via rental concepts.