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Enter Symbol
or Name
USA
CA



Amaya Inc
Symbol AYA
Shares Issued 133,474,870
Close 2015-11-30 C$ 21.10
Market Cap C$ 2,816,319,757
Recent Sedar Documents

Amaya's NYX preferreds exchangeable for shares Feb. 1

2015-11-30 21:47 ET - News Release

Mr. Tim Foran reports

AMAYA FILES REPORT OF HOLDINGS OF NYX GAMING GROUP SECURITIES

Amaya Inc. has filed an early warning report related to its direct and indirect holdings in NYX Gaming Group Ltd., as required by National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues). (Unless otherwise noted, all dollar amounts stated herein are in Canadian dollars.)

Amaya currently has beneficial ownership of: (i) 163,170 ordinary shares of NYX, (ii) a principal amount of $9-million in convertible debentures of NYX bearing interest at 6 per cent per annum subscribed for by Amaya on Nov. 17, 2014, and convertible at any time into 2,808,454 ordinary shares, with the accrued interest also being payable in ordinary shares, and (iii) 40,000 preferred shares in NYX Digital Gaming (Canada) ULC, a subsidiary of NYX, representing 100 per cent of the outstanding preferred shares. The terms of the preferred shares provide that the preferred shares are initially exchangeable into eight million ordinary shares.

Amaya received the preferred shares on July 31, 2015, as partial consideration for the sale by Amaya to NYX and to NYX Digital of all of the issued and outstanding shares of Amaya (Alberta) Inc. (formerly Chartwell Technology Inc.) and Cryptologic Ltd., as applicable. On Feb. 1, 2016, the preferred shares will become exchangeable at Amaya's option upon 35 days advance written notice for 8.24 million ordinary shares. This requires today's filing of the early warning report. The number of ordinary shares into which the preferred shares are exchangeable will be adjusted over time as indicated in the EWR.

Assuming: (i) the exchange of the preferred shares and (ii) the conversion of the principal amount of the debentures and all interest accrued thereon, in each case on the date hereof, on the basis of 50,634,896 ordinary shares issued and outstanding, Amaya would have beneficial ownership of and control or direction over approximately 18.00 per cent of NYX's issued and outstanding ordinary shares. Assuming: (i) the exchange of all of the preferred shares and (ii) the conversion of the principal amount of the debentures and all interest accrued thereon, in each case as at Feb. 1, 2016, and the same number of ordinary shares outstanding, Amaya would have beneficial ownership of and control or direction over approximately 18.35 per cent of the issued and outstanding ordinary shares (on a partially diluted basis).

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 and debentures, or any other securities of NYX or its affiliates, whether in the open market, by privately negotiated agreements or otherwise.

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