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Ainsworth Game Technology Limited (ASX:AGI)

ALERT: Price-sensitive ASX Announcement for AGI
Current share price for AGI : $1.210 0.2 (19.80%)+
Announcement
Release
23 Oct 2025 9:14AM
Price at Release
$1.010
Full Release
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Summary
Ainsworth Game Technology Limited has received a proposed proportional takeover offer from Kjerulf Ainsworth, which targets 2.9% of each shareholder's shares. The offer is priced at $1.30 per share, providing a substantial premium over recent prices. Notably, Novomatic has decided not to participate in this offer, limiting the potential acquisition to less than 1% of total shares. The Independent Board Committee advises shareholders to take no action on this proposal while reaffirming support for the existing Novomatic Takeover Offer. Regulatory compliance issues arise as Kjerulf Ainsworth's shareholding exceeds 5%, necessitating further disclosures.
Key Points
  • Ainsworth Game Technology Limited received a proposal for a proportional takeover offer from Kjerulf Ainsworth.
  • The offer relates to 2.9% of each shareholder’s shares in Ainsworth.
  • Novomatic does not intend to accept the Proposed Proportionate Offer.
  • The offer would allow acquisition of less than 1% of the total shares, assuming Novomatic's non-participation.
  • The offer suggests a price of $1.30 per share, representing a significant premium over recent trading prices.
  • The Independent Board Committee (IBC) does not consider the offer superior to the existing Novomatic Takeover Offer.
  • Shareholders are advised to take no action regarding the Proposed Proportionate Offer at this stage.
  • Kjerulf Ainsworth's holding now exceeds 5%, requiring further regulatory disclosures for gaming laws compliance.
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.