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.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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.
Already have an account? Sign in here
Advertisement
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
Never miss an update
Get the latest insights from me in your inbox when they’re published.
1 stock mentioned
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
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
Please sign in to comment on this wire.