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Kjerulf Ainsworth Proposes Takeover Amid Novomatic's Control

10/23/2025

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Summary

Story summary

Kjerulf Ainsworth, son of Len Ainsworth, proposes a takeover of Ainsworth Game Technology to counter Novomatic's bid.
The offer would buy 2.9% of shares at AUD1.30.
If accepted, Ainsworth's stake would rise to about 9.9%.
Novomatic controls 61.5% of Ainsworth Game Technology and will not accept the offer.
Ainsworth Game Technology has advised shareholders to refrain from action until further information is provided.

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Story summary

Kjerulf Ainsworth, son of Len Ainsworth, proposes a takeover of Ainsworth Game Technology to counter Novomatic's bid.
The offer would buy 2.9% of shares at AUD1.30.
If accepted, Ainsworth's stake would rise to about 9.9%.
Novomatic controls 61.5% of Ainsworth Game Technology and will not accept the offer.
Ainsworth Game Technology has advised shareholders to refrain from action until further information is provided.