Kjerulf Ainsworth has announced that his takeover bid for 5.5 percent of the shares of Ainsworth Game Technology (AGI) will run until April 27th, closing at 7pm Sydney time unless extended or withdrawn.
In a Monday supplementary statement to the bid first announced on March 12th, the law firm acting on the Ainsworth heir’s behalf noted that the ‘offer is now open for acceptance’. This encompasses a AU$1.30 ($0.89) price per share, still exceeding the AU$1 ($0.66) per share previously offered by Austrian gaming group Novomatic AG in its off-market takeover bid announced in August 2025.
Included in the statement was information on the Ainsworth shareholder’s current holdings: nearly 27.75 million shares, with voting power in AGI of 8.24 percent as of March 27th.
The move follows a previous proportional offer launched earlier this year. In January, Ainsworth extended an off-market takeover bid seeking to acquire up to 2.9 percent of the shares he did not already own, as part of efforts by the Ainsworth family to increase its stake amid takeover interest from Novomatic.
Kjerulf Ainsworth is the sixth son of Len Ainsworth, the founder of AGI and a prominent figure in Australia’s slot machine industry. While he does not hold an executive role at the company, he has long been one of its significant shareholders.
