MONTREAL, Nov. 16, 2015 /CNW/ - David Baazov, Chairman and Chief Executive Officer of Amaya Inc. ("Amaya"), announced today that he has acquired ownership of 60,000 additional common shares of Amaya ("Common Shares") on November 12, 2015. The Common Shares were acquired on the open market over the facilities of the Toronto Stock Exchange, at an average price of $20.2955 per share. The 60,000 Common Shares represent approximately 0.045% of the currently issued and outstanding Common Shares.
After giving effect to the acquisition, Mr. Baazov currently owns 24,523,599 Common Shares, representing approximately 18.42% of the issued and outstanding Common Shares, and options entitling him to acquire 450,000 additional Common Shares. On a partially diluted basis, assuming the exercise of all of his options, Mr. Baazov has ownership of approximately 18.69% of the issued and outstanding Common Shares, without giving effect to the conversion or exercise of any other securities that are convertible or exercisable for Common Shares. On a fully diluted basis, Mr. Baazov currently owns approximately 11.92% of the issued and outstanding Common Shares.
The Common Shares were acquired for investment purposes. Mr. Baazov's beneficial ownership in Amaya securities may change from time to time depending on market and other conditions, including, without limitation, through market transactions, treasury issuances, grants under equity based compensation arrangements, private agreements or otherwise.
This news release is being issued as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Further information (including a copy of the early warning report to be filed on SEDAR) can be obtained at www.sedar.com under Amaya's profile or by contacting Tim Foran at +1.416.545.1325 or by email at [email protected].
David Baazov, Chairman and Chief Executive Officer
7600 TransCanada Highway, Pointe-Claire, Québec H9R 1C8
SOURCE Amaya CEO
For further information: For investor relations, please contact: Tim Foran, Tel: +1.416.545.1325, [email protected]