MONTREAL, Nov. 19, 2015 /PRNewswire/ - Amaya Inc. (NASDAQ:
AYA; TSX: AYA) ("Amaya" or the "Corporation") today announced that
certain senior management, including its Chairman and Chief
Executive Officer, have purchased an aggregate of 157,460 common
shares of Amaya ("Common Shares") on the open market between
November 12, 2015 and November 18, 2015 for a total purchase price of
approximately $3.3 million. The
Corporation also provided clarification regarding the filing of the
Corporation's Shelf (defined below) and certain related matters.
Unless otherwise noted, all "$" amounts contained herein are in
Canadian dollars.
Management Share Purchases
Amaya's Chairman and Chief Executive Officer, David Baazov, acquired 110,000 Common Shares on
the open market for an aggregate purchase price of approximately
$2.3 million, while Marlon Goldstein, Executive Vice President,
Corporate Development and General Counsel, and Rafi Ashkenazi,
Chief Executive Officer of the PokerStars and Full Tilt businesses
(the "B2C Business"), notified the Corporation of their purchase of
an aggregate 47,460 Common Shares on the open market for an
aggregate purchase price of approximately $1
million.
Shelf and Related Matters
Amaya provided further clarification on its recently filed
preliminary short form base shelf prospectus (the "Base Shelf") and
corresponding shelf registration statement on Form F-10 (the "F-10"
and together with the Base Shelf, the "Shelf").
The filing of the Shelf fulfills Amaya's contractual obligations
to two major shareholders under certain registration rights
agreements (filed on SEDAR at www.sedar.com in August 2014 and as exhibits to Amaya's Form 40-F
registration statement filed on EDGAR at www.sec.gov in
May 2015) entered into in connection
with the acquisition of the B2C Business. Amaya filed the Shelf on
November 10, 2015 after becoming a
U.S. reporting company listed on the Nasdaq Global Select Market
and after completing the necessary internal and external
preparation required by the relevant securities authorities to file
the same. Amaya has no current immediate intention to undertake an
offering, whether of debt or equity, and has not to date received
any notice under the applicable registration rights agreements that
either shareholder currently intends to undertake a secondary
offering under either the Base Shelf or F-10.
The Corporation also does not currently anticipate the need to
offer and sell equity to meet its obligations related to either the
deferred purchase price payment due to the sellers of the B2C
Business or the debt incurred to partially finance the acquisition
of the B2C Business. As it relates to certain provisions of the
credit agreements governing such debt, Amaya further clarifies that
it (including its subsidiary borrowers) is not currently
subject to any maintenance covenants which would require it to
maintain a specific leverage ratio for a particular period of
time.
Investor Presentation
Amaya has uploaded an updated investor presentation to its
investor relations website at www.amaya.com/investors. In
addition to press releases, securities filings and public
conference calls and webcasts, Amaya intends to use its investor
relations website as a means of disclosing material information to
its investors and others and for complying with its disclosure
obligations under applicable securities laws. Accordingly,
investors and others should monitor the website in addition to
following Amaya's press releases, securities filings and public
conference calls and webcasts. This list may be updated from time
to time.
About Amaya
Amaya is a leading provider of technology-based solutions,
products and services in the global gaming and interactive
entertainment industries. Amaya owns gaming and related consumer
businesses and brands including PokerStars, Full Tilt, StarsDraft,
the European Poker Tour, PokerStars Caribbean Adventure, Latin
American Poker Tour and the Asia Pacific Poker Tour. These brands
have more than 97 million cumulative registered customers globally
and collectively form the largest poker business in the world,
comprising online poker games and tournaments, live poker
competitions, branded poker rooms in popular casinos in major
cities around the world, and poker programming created for
television and online audiences. Amaya, through certain of these
brands, also offers non-poker gaming products, including casino,
sportsbook and daily fantasy sports. Amaya has various gaming and
gaming-related licenses or approvals throughout the world,
including from the United Kingdom,
Italy, France, Spain, Estonia, Belgium, Denmark, Bulgaria, Greece, Ireland, Romania, the Isle of
Man, Malta, the State of
Schleswig-Holstein in Germany, the Province of Quebec in Canada, and the State of New Jersey in the United States.
Securities Disclaimer
The Base Shelf and F-10 filed with the U.S. Securities and
Exchange Commission and Canadian authorities, as applicable, have
not yet become final or effective. No securities may be sold, nor
may offers to buy be accepted, prior to the time the Base Shelf and
F-10 become final and effective. This news release shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of securities in any jurisdiction in
which an offer, solicitation or sale would be unlawful prior to
registration or qualifications under the securities laws of any
such jurisdiction. A copy of the Base Shelf and F-10 are available
on SEDAR at www.sedar.com and EDGAR at www.sec.gov,
respectively.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
applicable securities laws, including, without limitation, certain
financial expectations and projections. Forward-looking statements
can, but may not always, be identified by the use of words such as
"anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "would", "should", "believe", "objective",
"ongoing" and similar references to future periods or the negatives
of these words and expressions. These statements, other than
statements of historical fact, are based on management's current
expectations and are subject to a number of risks, uncertainties,
and assumptions, including market and economic conditions, business
prospects or opportunities, future plans and strategies,
projections, technological developments, anticipated events and
trends and regulatory changes that affect us, our customers and our
industries. Although the Corporation and management believe the
expectations reflected in such forward-looking statements are
reasonable and are based on reasonable assumptions and estimates,
there can be no assurance that these assumptions or estimates are
accurate or that any of these expectations will prove accurate.
Forward-looking statements are inherently subject to significant
business, economic and competitive risks, uncertainties and
contingencies that could cause actual events to differ materially
from those expressed or implied in such statements. Such
risks and uncertainties include those identified under the heading
"Risk Factors and Uncertainties" in Amaya's Annual Information Form
for the year ended December 31, 2014
and in its Management's Discussion and Analysis for the period
ended September 30, 2015, each
available on SEDAR at www.sedar.com, EDGAR at www.sec.gov and
Amaya's website at www.amaya.com, and in other filings that Amaya
has made and may make with applicable securities authorities in the
future. Investors are cautioned not to put undue reliance on
forward-looking statements. Any forward-looking statement speaks
only as of the date hereof, and the Corporation undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
SOURCE Amaya Inc.