Following the meeting of shareholders held earlier this month, Ainsworth Game Technology (AGT) is pleased to announce the proposed acquisition of Mr Ainsworth's 52.2% stake to Novomatic have been approved. The completion of the proportion sale is now subject to quite a number regulatory and gaming licence approvals. 

AGT Chief Executive Officer Danny Gladstone said "From AGT's perspective, we're pleased that shareholders have passed the Resolution. While the method have been protracted, that is crucial and exciting point in AGT's development.”

Novomatic’s Chief Executive Officer Harald Neumann said that through Novomatic’s majority shareholding, AGT will take pleasure in collaboration across a number markets so they can be substantially positive for longer term shareholder wealth creation.

Mr. Neumann emphasised: “We value the trust and support by the minority shareholders in the course of the positive vote of approving the percentage transaction and can make every effort to fulfill their expectations. We can commence implementing the binding commitments as outlined within the Notice of Meeting to crystallise the predicted benefits of the relationship.”

Mr Gladstone added: “We are delighted to have received shareholder support and sit up for working with Novomatic at the completion of this transaction and delivering at the expected benefits for our shareholders.”

Read More... [Source: Gaming Industry News]