Ainsworth Game Technology’s largest minority shareholder, Kjerulf Ainsworth, has called for the resignation of the company’s chairman, Danny Gladstone, and Company Secretary, Mark Ludski, in the wake of a failed takeover bid by controlling shareholder Novomatic AG.
In comments sent to Inside Asian Gaming on Tuesday, Ainsworth – who now holds a 7.46% stake in AGT following closure of his own proportional takeover offer – described Novomatic’s bid as a “debacle” while also blaming Gladstone for a series of what he describes as “terrible decisions” over the past year.
Novomatic’s takeover bid was launched in August after it terminated a previous scheme of arrangement for 100% ownership of AGT when it became clear that a block of smaller AGT shareholders had rallied enough support to block the transaction.
