Shareholders pass resolution at Ainsworth Game Technology
Kym Sheehan
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.
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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 Reporter analyses and advises on remuneration-related resolutions as well as other meeting resolutions (director elections, constitutional, capital maintenance, auditor appointment/removals) at ASX Listed Companies. Learn more about Our Approach https://subscriber.theexecutiveremunerationreporter.com.au/our-approach
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Kym Sheehan
The Executive Remuneration Reporter
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...
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Kym Sheehan
The Executive Remuneration Reporter
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
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