Ainsworth Game Technology
NO to Novomatic
Novomatic AG’s final offer for AGT closed on 6 February.
Despite its aggressive campaign to acquire and privatise Ainsworth for $1/share, it appears that Novomatic’s takeover has fallen short. At its last announcement on 29 January, Novomatic held 66.59% of all shares in Ainsworth – significantly less than the 75% required to delist the company from the Australian Securities Exchange (ASX). As Novomatic declared this a “full and final” offer, it cannot make another for at least four months.
Given that the majority of Ainsworth’s shareholders have chosen not to sell, it is time to focus on the future of Ainsworth.
Shareholders deserve transparency, honest and engaged leadership, and a company that is governed with integrity, free from corruption, secret payments and self-interest: a company that delivers for all its shareholders. It is time to rebuild that company.
Read below for the latest news about the future of Ainsworth and please continue to report what you know to hold the company’s leaders to account.
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.