Ainsworth Game Technology
NO to Novomatic
What’s next for AGI?
It’s up to you.
Novomatic has contacted shareholders urging us to accept a new, off-market offer of $1 per share. Shareholders are free to check the publicly traded share price if you would like to assess how Novomatic’s new offer compares with the on-market price.
If you do not wish to sell to Novomatic or do not wish to sell for the offer price of $1, you do not need to take any action. It is your choice.
This site allows minority shareholders to cut through the Novomatic rhetoric and make an informed decision.
AGT published a Target Statement this week promoting the off-market takeover bid by Novomatic AG (Novomatic). This process is confusing and misleading to many shareholders.
AGI shares traded today at $1.03. Some shareholders have asked why Novomatic is still offering $1.
Many shareholders have written to me and asked “what’s next?”. This letter is to give you my opinion on what needs to be done to begin getting AGI back on track at a Board and Management level.
Many shareholders have been in touch to ask how to vote on Novomatic's offer. This post provides links and information on how shareholders can vote even if they have not received a Voting Form.
This post contains links to help shareholders understand the corruption allegations involving Novomatic and its executives that have recently been made public. AGI’s board did not disclose these matters to shareholders until they were aired in Australian media outlets.
An open letter from Kjerulf Ainsworth: As a fellow minority shareholder of Ainsworth Game Technology (ASX: AGI), I am writing to let you know why I intend to vote NO to the offer from Novomatic to acquire our shares for a disappointingly low $1per share.
Click here to download the 2025 Scheme of Arrangement booklet and Independent Expert Report detailing Novomatic’s $1/share offer for Ainsworth Game Technology.
An independent valuation, conducted in June 2025, shows that the property assets on AGI’s balance sheet are significantly undervalued. This is the full, independent valuation of AGI’s Las Vegas facility.
An independent valuation, conducted in June 2025, shows that the property assets on AGI’s balance sheet are significantly undervalued. This is the full, independent valuation of AGI’s Florida facility.
Click here to download the AGI 2016 AGM explanatory statement that details “Novomatic’s intentions in relation to the company”. Novomatic’s stated intentions include keeping AGI listed on the ASX, maintaining the dividend policy, and maintaining Novomatic’s holding at around 53%. Novomatic’s global CEO at the time this proposal was put forward was Harald Neumann, who is now CEO of AGI.