Hao Tang files amended early warning report
Apr 05, 2017, 12:20 ET
MONTREAL, April 5, 2017 /CNW Telbec/ - Further to the news release issued on his behalf on April 3, 2017 announcing the filing of an early warning report, Mr. Hao Tang wishes to clarify that, in accordance with Western naming conventions, his name should have been disclosed as "Hao Tang" instead of as "Tang Hao".
On March 30, 2017, Discovery Key Investments Limited ("DKI"), a company wholly owned by Mr. Hao Tang, acquired 9,105,500 common shares (the "Common Shares") in the share capital of Amaya Inc. (the "Issuer") on the secondary market at a price of $22.40 per share (the "Transaction"), representing an aggregate price of $203,963,200 and an acquisition of approximately 6.25% of the issued and outstanding Common Shares on closing of the Transaction.
Prior to completion of the Transaction, Mr. Tang had indirect beneficial ownership of 7,200,000 Common Shares, which he held through DKI, representing approximately 4.94% of the issued and outstanding Common Shares. As a result of the Transaction, Mr. Tang has indirect beneficial ownership of 16,305,500 Common Shares, representing approximately 11.19% of the issued and outstanding Common Shares on closing of the Transaction.
Mr. Tang indirectly acquired the Common Shares for investment purposes. Depending upon the circumstances, Mr. Tang may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer previously acquired.
An amended early warning report containing additional information with respect to the foregoing matters will be filed under the Issuer's SEDAR profile at www.sedar.com.
Further information or a copy of the early warning report may be obtained by contacting:
SOURCE Mr. Hao Tang
For further information: Hao Tang, 18/F Three Exchange Square, Connaught Place, Central, Hong Kong, Tel: 852-3719-9350
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