Vote NO to Novomatic

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.

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.