Kjerulf David Hastings Ainsworth has formally extended the offer period for his off-market takeover bid for Ainsworth Game Technology Limited (AGI), according to a notice lodged with the Australian Securities and Investments Commission (ASIC).
The variation relates to Mr Ainsworth’s bid to acquire up to 2.9% of AGI’s fully paid ordinary shares that he does not already own, under the terms set out in his bidder’s statement dated 4 December 2025.
Under the notice of variation, the offer period has been extended by one week and will now close at 7:00pm (Sydney time) on 30 January 2026, unless further extended or withdrawn.
All references to the previous closing date of 23 January 2026 have been replaced with the new deadline across the bidder’s statement, acceptance forms and any prior notices.
The extension has been made in accordance with section 650C of the Corporations Act 2001 and notified under section 650D, with copies provided to AGI, ASIC, ASX Limited and eligible shareholders.
The extension comes amid broader consolidation activity surrounding AGI. In parallel, Novomatic AG has been progressing its own off-market takeover bid and has steadily increased its stake in the gaming machine manufacturer.
As of December 2025, Novomatic and associated entities controlled more than 65% of AGI’s voting power, placing it in a position of effective majority control.
Ainsworth has also recently guided that underlying profit before tax for the year ended 31 December 2025 is expected to reach approximately AU$21.5m, with weaker performance anticipated in the second half of the year due to lower VLT unit sales and softer yields in North America.
The revised offer timeline provides AGI shareholders additional time to consider their options as takeover activity continues and competing dynamics around ownership and future strategy remain in focus.
Novomatic is also pursuing full ownership of Ainsworth and has indicated it expects to acquire the remaining shares by 30 January 2026
