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Novomatic increases stake in Ainsworth as takeover consolidation progresses

The group has lifted its voting power in Ainsworth as its off-market takeover continues to be processed.

3 min read
Novomatic stakes Ainsworth
Key Points
Novomatic now controls 219.37 million votes, equal to 65.13% of Ainsworth
Additional shares acquired between 3 October and 9 December 2025
Purchases included both market trades and acceptances under the takeover offer

Ainsworth Game Technology Limited (AGT) has confirmed an increase in substantial shareholding by Novomatic AG following continued acceptances under its off-market takeover.

According to a Form 604 lodged by AGT, Novomatic and related entities now hold 219,368,725 ordinary shares, representing 65.13% voting control in the Australian slot machine manufacturer.

The filing outlines multiple acquisition entries over an extended period, with buying activity recorded almost daily between 3 October and 9 December 2025.

Transactions ranged from small parcels like 100 shares to bulk settlements such as 732,713 shares on 5 November and 522,152 shares on 31 October, all priced at AU$1.00 (US$0.66) per share.

Many of the recorded changes related directly to contractual settlement of acceptances under Novomatic's takeover offer, first detailed in its Bidder's Statement dated 3 September 2025. Voting power changes attributed to Novomatic, Prof Johann F. Graf, JFG Privatstiftung and Novo Invest GmbH were all recorded in the report, confirming association status and relevant voting alignment.

The filing shows Novomatic moving beyond the 50% control threshold into a stronger majority position, which is an outcome that typically gives a bidder greater influence over integration and strategic direction.

For Ainsworth, the consolidation signals continued alignment with one of Europe's largest gaming technology companies, potentially accelerating product integration, systems development and international market reach.

The Form 604 was signed on 9 December 2025, confirming completion of the recorded transactions and updated voting power. Ainsworth will remain required to report further changes if Novomatic lifts its interest again.

Good to know

Ainsworth's ASX filing shows the bulk of acquisitions occurred progressively throughout November, reflecting settlement of takeover acceptances rather than a single block transfer

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