Ainsworth urges shareholders to accept Novomatic takeover bid

The Independent Board Committee has unanimously recommended the offer.

Australia.- Ainsworth Game Technology has urged shareholders to accept a AU$1.00 (US$0.67) per share takeover bid from gaming equipment supplier Novomatic. The Independent Board Committee unanimously recommended the offer, which values Ainsworth at AU$336.83m (US$223m), as “fair and reasonable” in the absence of a superior proposal.

Novomatic currently holds a 59.8 per cent stake in Ainsworth after recent share acquisitions. It aims to acquire all remaining shares it does not already own. The Independent Board Committee, chaired by Danny Gladstone, noted that the all-cash offer represents a significant premium on the recent trading price and provides full liquidity. An independent expert’s report assessed Ainsworth’s underlying value at between AU$0.93 (US$0.61) and AU$1.07 (US$0.71) per share.

Ainsworth has lodged its Target Statement with the Australian Securities and Investments Commission, and shareholders are expected to receive it by September 17. The company expects the deal to close by November 3.

If Novomatic’s stake reaches 75 per cent or more, the company intends to delist Ainsworth from the Australian Stock Exchange (ASX). Should its ownership hit 90 per cent, delisting will proceed via compulsory acquisition.

Ainsworth reported a 25.3 per cent revenue increase to AU$152.1m (US$98.9m) for the six months ending June 30, 2025. Net profit fell 65 per cent year-on-year to AU$4.9m (US$3.2m).

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See also: Ainsworth and Novomatic terminate scheme implementation deed

The Independent Board Committee has unanimously recommended the offer. Australia.- Ainsworth Game Technology has urged shareholders to accept a AU$1.00 (US$0.67) per share takeover bid from gaming equipment supplier Novomatic….