Novomatic announced an unconditional cash offer of A$1.00 per share for Ainsworth Game Technology, alongside its previously announced scheme of arrangement. The offer matches the scheme's value; Novomatic, which holds 52.9% of Ainsworth, said it intends to delist the company if its stake exceeds 75%.
Ainsworth shareholders can consider Novomatic’s cash offer, while its ownership threshold could lead to delisting.
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Novomatic’s bid to acquire the remaining shares in Ainsworth Game Technology failed after it did not secure enough minority shareholder support by the extended 6 February deadline. Ainsworth confirmed it had ended the transaction implementation deed, and Novomatic will retain its majority holding.
Novomatic’s bid to take Ainsworth private closed on 6 February without reaching the required 75% approval threshold, according to a report citing Ainsworth’s ASX filing. The company had offered A$1.00 per share; Novomatic reported a 66.59% stake as of 29 January. Ainsworth also lowered its FY25 underlying-profit forecast to A$21.0 million from A$21.5 million.
Novomatic’s proposed acquisition of the remaining Ainsworth shares collapsed after its deadline passed, according to the report. The proposed offer was A$1 per share and valued Ainsworth at A$336.8m.
NOVOMATIC extended its offer period for the planned takeover of Ainsworth Game Technology until 7 pm Sydney time on 6 February 2026, according to an Ainsworth filing. The extension followed the original 30 January deadline; NOVOMATIC already held a 66.59% stake in Ainsworth.
Novomatic agreed to acquire the remaining 47.1% stake in Ainsworth Game Technology for A$1.00 per share, subject to completion of a scheme of arrangement. Ainsworth’s independent board committee unanimously backed the proposal, which remains conditional on shareholder and Federal Court approvals, an independent expert’s report and other conditions.