Shareholders pass resolution at Ainsworth Game Technology

The Executive Remuneration Reporter
Despite the last minute (and unsuccessful) attempt by Fortress Centaurus Global Master Fund to have the Takeovers Panel intervene and delay today's meeting, the resolution to approve the acquisition of Len Ainsworth's shareholding by Novomatic AG was approved with 62.06% for on a poll and 37.94% against. As this was an ordinary resolution pursuant to section 611 item 7 of the Corporations Act 2001 (Cth), this means that control will now pass to Novomatic.
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
1 stock mentioned

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
Expertise
No areas of expertise

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
Expertise
No areas of expertise
Please sign in to comment on this wire.