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AINSWORTH GAME TECHNOLOGY LIMITED — Capital/Financing Update 2011
Feb 28, 2011
64331_rns_2011-02-28_1bb1a245-4835-4b5b-b95f-55698b79f4ce.pdf
Capital/Financing Update
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Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street Newington NSW Australia 2127 Tel: +61 2 9739 8000 Fax: +61 2 9648 4327 www.ainsworth.com.au
1 March 2011
ASX Release
ASX Code: AGI
Ainsworth Game Technology
Ainsworth Game Technology Limited (AGT) today announced the establishment and introduction of a new long term incentive plan under which Mr LH Ainsworth will grant options over 10 million of the ordinary shares he holds in the Company. These options will be offered to all Australian employees and will replace those previously granted.
The Company also advised that an employee incentive plan had been established for its American employees under which it will offer approximately 1.1 million share options over new shares.
The share options under each plan will have an exercise price of $0.225 with vesting conditions over a three year period. The share options will lapse automatically on cessation of employment for any reason.
Executive Chairman, Mr LH Ainsworth said “The introduction of the employee incentive plan will assist in the retention of the established executive team, key employees and staff, as well as rewarding and incentivising all participants in a significant and meaningful way from the progress of the Company.”
Chief Executive, Mr Danny Gladstone said “Mr Ainsworth’s continued support and valuable advice has significantly contributed to the financial improvement experienced in the half year ended 31 December 2010.”
Mr Gladstone added “On behalf of all recipients we acknowledge the personal contribution by Mr Ainsworth in encouraging all employees to achieve further improvement in the financial performance of the Company.”
Ends
For further information please contact: Mr Danny Gladstone – CEO/Executive Director; or Mr Mark Ludski – CFO/Company Secretary Ainsworth Game Technology Limited (02) 9739 8000
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