Ainsworth EGM date set

Shareholders will vote on Len Ainsworth's proposed sale of his stake to Novomatic on 3 June

Ainsworth Game Technology (AGI) has released the explanatory memorandum regarding the proposed sale by Len Ainsworth of his stake in the company to Austrian gaming giant Novomatic (see Ainsworth: Interim result 2016). Unsurprisingly, PwC, the independent experts, believe the advantages of the transaction outweigh the disadvantages to minority shareholders. Also unsurprisingly, the independent directors have determined that Len's family will be allowed to vote their stake at the EGM on 3 June. 

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