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Ainsworth Game Technology Limited (ASX:AGI)

ALERT: Price-sensitive ASX Announcement for AGI
Current share price for AGI : $1.210 0.135 (12.56%)+
Announcement
Release
12 Mar 2026 8:14PM
Price at Release
$1.075
Full Release
download
Summary
The Bidder’s Statement by Mr. Kjerulf Ainsworth outlines a proposal to acquire 5.5% of shares in Ainsworth Game Technology Limited (AGI) at a price of $1.30 per share. The offer is unconditional and aims to provide AGI shareholders with an attractive premium over the recent trading prices. Mr. Ainsworth, who already holds a significant interest in AGI, believes that the company is undervalued and offers a promising investment opportunity. The document provides details about the offer terms, tax considerations, and Mr. Ainsworth's intentions for AGI. Furthermore, the statement includes information on AGI's current operations, securities, and the bidder's strategic plans post-acquisition, emphasizing the long-term commitment to the company. The offer seeks to enhance liquidity for shareholders without incurring additional brokerage costs.
Key Points
  • Mr. Ainsworth offers to buy 5.5% of AGI shares at $1.30 per share.
  • The offer is unconditional and provides a 23.8% premium over recent trading prices.
  • Mr. Ainsworth currently holds 8.17% of AGI's shares.
  • The offer aims to increase liquidity for shareholders without brokerage fees.
  • AGI's operations span multiple international markets with a significant revenue share from outside Australia.
  • The Bidder's Statement outlines tax implications and strategic intentions post-acquisition.
  • The offer does not extend to shares acquired after the announcement date through conversions or new issuances.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.