David Baazov Announces Intention to Acquire Amaya
Montreal, Quebec, February 1, 2016 –David Baazov, Chairman and Chief Executive Officer
of Amaya Inc. (NASDAQ: AYA; TSX: AYA), today announced that he, together with a group
of investors with whom he is in discussions, intends to make an all-cash proposal to acquire
Amaya at a purchase price presently estimated at CDN$21.00 per common share, representing a
40% premium to Friday’s closing price on the Toronto Stock Exchange.
The particular form and structure of the transaction have not been determined, and no
discussions have commenced between Mr. Baazov and Amaya with respect to any particular
transaction. There is no certainty that the proposed transaction will proceed or be consummated.
David Baazov currently owns 24,564,047 common shares of Amaya, representing approximately
18.6% of the issued and outstanding common shares, and options entitling him to acquire
550,000 additional common shares.
A copy of the early warning report to be filed in connection with this news release can be
obtained at www.sedar.com under Amaya’s profile.
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, statements regarding Mr. Baazov’s intention to acquire Amaya. Forward-looking
statements can, but may not always, be identified by the use of words such as “intends”,
“proposed” and similar references to future periods or the negatives of these words and
expressions. These statements are based on the stated intentions of Mr. Baazov and currently
available information. They are not guarantees of future events, are based upon assumptions that
may not prove to be accurate, and involve certain risks and uncertainties that are difficult to
predict, including the risk that no transaction proposal will be made or be consummated, and that
the terms of any proposal will be different than those set forth above. Investors are cautioned not
to put undue reliance on forward-looking statements. Any forward-looking statement speaks only
as of the date hereof, and Mr. Baazov undertakes no obligation to correct or update any forwardlooking statement, whether as a result of new information, future events or otherwise, except as
required by applicable law.
David Baazov, Chairman and Chief Executive Officer
7600 TransCanada Highway, Pointe-Claire, Québec H9R 1C8