Len Ainsworth

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    Shareholders approve Ainsworth’s share sale to Novomatic

    Ainsworth Game Technology has advised that its shareholders has approved the sale of Ainsworth’s shares in AGT to Novomatic AG at its general meeting held on Monday. Danny Gladstone, CEO of AGT said “From AGT’s perspective, we are pleased that shareholders have passed the resolution… Novomatic is a highly respected and impressive industry leader. We […]

    Ainsworth shareholder meeting regarding sale to go ahead

    The Australian Takeovers Panel has opted against any further action against the acquisition of Ainsworth Game Technology from Austria’s Novomatic, local media reports. In May, the Australian Takeovers Panel received applications from Australian Securities and Investments Commission as well as Fortress Centaurus Global Master Fund in regards to the sale. Despite an 11th hour injunction […]

    Takeovers Panel begins investigation on Ainsworth share sale

    The Australian  Takeovers Panel has opened an investigation into Len Ainsworth’s decision to sell the majority of his stake to Novomatic, local media reports. On May 16, an application from Australian securities watchdog, ASIC was sent to The Pane, seeking to prevent Ainsworth’s wife, who is AGT’s second largest stakeholder, to use her stake to […]

    Ainsworth to postpone general meeting

    Australia-listed Ainsworth Game Technology Limited has postponed its general meeting as a result of the recent applications filed with the Takeovers Panel. The meeting, originally scheduled for June 3 will be postponed “no later than 30 days”, said the gaming equipment manufacturer in a filing to the ASX on Monday. In February, Ainsworth founder and […]

    Mrs Ainsworth not to touch shares until after review

    Margarete Ainsworth, wife of Lens Ainsworth has agreed to not deal with any shares or interest in Ainsworth until the conclusion of the Takeovers Panel proceedings, according to a media release. On Monday, the Australian Takeovers Panel received an application from ASIC seeking to prevent Ainsworth’s wife, who is AGT’s second largest stakeholder, to use […]

    Ainsworth deal to be reviewed by Takeover Panel

    Len Ainsworth’s decision to sell the majority of his stake to Novomatic may be looked over by the Australian Takeovers Panel for review, according to a media release from the panel. An application from Australian securities watchdog, ASIC was sent to The Panel on Monday, seeking to prevent Ainsworth’s wife, who is AGT’s second largest […]

    Ainsworth family to vote on Novomatic acquisition

    Len Ainsworth’s wife and family members are expected to be able to vote as minority shareholders for the sale of Ainsworth Game Technology to Austria’s Novomatic, local media reports. Ainsworth told Fairfax Media that he expected his family would be able to vote almost 10 percent stake at the extraordinary general meeting scheduled for June […]

    Len Ainsworth to sell his stake to Novomatic, remain as chairperson

    Founder and executive chairman of Ainsworth Game Technology, Len Ainsworth is planning to sell his stake in the company, according to a recent filing to the Australian Stock Exchange. According to the announcement, Ainsworth has agreed, subject to certain conditions to sell 100 percent, or 172.1 million ordinary shares in AGT to Novomatic, the privately […]
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