The wife and family members of gaming industry legend Len Ainsworth, founder and chairman of slot-maker Ainsworth Game Technology, are expected to vote as minority shareholders on the takeover of a majority stake in the company by Austrian slot giant Novomatic Group.
Novomatic and Ainsworth have agreed to a takeover by the Austrian company of the founder’s stake in the company, which will result in Novomatic owning around 53 percent of the surging slot supplier, which is growing quickly in North American markets.
Ainsworth told Fairfax Media that he expects his family would be able to vote its almost 10 percent stake at the extraordinary general meeting scheduled for June 3.
“Our company secretary has checked the legalities and says they will be able to vote their shares and will be treated as minorities,” said Ainsworth. “I am not involved in the process, and they are more than capable of making their own mind up.”
The independent directors have yet to make a call on whether Ainsworth and his family would be treated as minority shareholders.
