10 April 2026: Independent Directors Back Kjerulf Ainsworth Offer
Dear fellow shareholders,
Ainsworth Game Technology has now released its Target’s Statement in response to my proportional takeover bid.
Importantly, the Independent Board Committee, comprising only independent directors and excluding Novomatic representatives, has unanimously recommended that shareholders accept the offer.
The offer provides shareholders with the opportunity to sell 5.5% of their holding at $1.30 per share in cash, representing a meaningful premium to recent trading prices.
This recommendation reinforces what I have consistently said: shareholders deserve a fair opportunity to realise value, while retaining the vast majority of their investment in Ainsworth.
Following the failure of Novomatic’s takeover bid, this is a constructive step forward. It allows shareholders to access liquidity at a premium, while supporting a path toward renewed accountability and stronger governance at the company.
I encourage all shareholders to carefully consider the Independent Board Committee’s recommendation and review the materials in full:
Your sincerely,
Kjerulf Ainsworth
