Ainsworth heir launches bid for additional 5.5 per cent of stock

Kjerulf is offering AU$1.30 (US$0.86) per share.

Australia.- Kjerulf Ainsworth, the sixth son of Ainsworth Game Technologies’ founder, Len Ainsworth has announced an all-cash proportional offer for 5.5 per cent of the outstanding stock in the slot machines manufacturer. He’s offering a price of AU$1.30 (US$0.86).

The offer represents a 23.8 per cent premium on the closing price yesterday (March 10) and a 23.5 per cent premium to the 30-day volume-weighted average price (VWAP). It exceeds the AU$1 ($0.66) per share previously proposed by Austrian gaming group Novomatic AG in its unsuccessful off-market bid, which was terminated after failing to secure the 75 per cent shareholder approval required to privatise the company.

Ainsworth said in a statement: “While a proportional takeover bid is not required in the current circumstances, I have decided to make this offer to honour the commitment made in my letter to shareholders on February 2, 2026, and to ensure that all shareholders have the opportunity to receive the offer price for a portion of their shares.”

Ainsworth’s current holdings in AGT total roughly 27.5 million shares, or around 8.17 per cent of the issued capital. His stake would rise to approximately 13.25 per cent if the offer is accepted.

See also:

See also: Novomatic fails in bid to acquire Ainsworth

Kjerulf is offering AU$1.30 (US$0.86) per share. Australia.- Kjerulf Ainsworth, the sixth son of Ainsworth Game Technologies’ founder, Len Ainsworth has announced an all-cash proportional offer for 5.5 per cent of the outstanding stock in the slot machines manufacturer. He’s offering a price of AU$1.30 (US$0.86). The offer represents a 23.8 per cent premium on…