Amaya Inc.

June 01, 2016 07:00 ET

Amaya Reports Updated Holdings of NYX Gaming Group Securities

MONTREAL, QUEBEC--(Marketwired - June 1, 2016) - Amaya Inc. ("Amaya") today filed an updated early warning report related to its direct and indirect holdings in NYX Gaming Group Limited ("NYX"), as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (the "EWR"). Unless otherwise noted, all "$" amounts stated herein are in Canadian dollars.

As previously disclosed, Amaya received 40,000 preferred shares ("Preferred Shares") in NYX Digital Gaming (Canada) ULC ("NYX Digital"), a subsidiary of NYX, on July 31, 2015 at a price of $1,000 per Preferred Share, or $40 million in the aggregate, as partial consideration for Amaya's sale of 100% of the issued and outstanding shares of Amaya (Alberta) Inc. (formerly Chartwell Technology Inc.) to NYX Digital and 100% of the issued and outstanding shares of Cryptologic Limited to NYX.

Giving effect to an amendment to the terms of the Preferred Shares announced by NYX on January 5, 2016, the Preferred Shares will now become exchangeable upon 35 days' written notice beginning on the anniversary of their issuance into 8,487,200 ordinary shares of NYX ("Ordinary Shares"). As of the date hereof, the Preferred Shares are exchangeable into Ordinary Shares within 60 days and for purposes of the EWR, Amaya's beneficial ownership of and control or direction over Ordinary Shares is deemed to have increased accordingly to approximately 26.84% on a partially diluted basis (with the denominator equal to the 50,683,393 Ordinary Shares issued and outstanding, as disclosed in NYX's annual information form filed on May 6, 2016, plus the Ordinary Shares issuable to Amaya upon the exercise or conversion of all securities of NYX and NYX Digital held by Amaya as of the date hereof).

As previously disclosed, excluding the Ordinary Shares underlying the Preferred Shares, which are now deemed to be beneficially owned by Amaya, and on the basis of the 50,683,393 Ordinary Shares issued and outstanding, Amaya would have beneficial ownership of and control or direction over approximately 16.57% of NYX's Ordinary Shares on a partially diluted basis.

Amaya holds the securities of NYX for investment purposes. Amaya may, depending on market and other conditions and subject to applicable securities laws, change its beneficial ownership of (or control or direction over) the Preferred Shares, Ordinary Shares, 2014 Debentures, Special Warrants or any other securities of NYX or its affiliates, whether in the open market, by privately negotiated agreements, or otherwise.

Amaya Inc.
7600 TransCanada Hwy
Pointe-Claire, Quebec H9R 1C8

For investor relations and further information regarding the EWR, including a copy of the same (which will be filed on SEDAR at www.sedar.com), please contact: Tim Foran, Tel: +1.416.545.1325, ir@amaya.com.

The address of the head office of NYX Gaming Group Limited is:
Roseneath the Grange
Channel Islands, St. Peter Port
GY13SJ

Contact Information

  • Amaya Inc.
    Tim Foran
    Investor Relations
    +1.416.545.1325
    ir@amaya.com