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Amaya CEO David Baazov intends to make cash offer to purchase company

1 Feb 2016

(PRESS RELEASE) -- Amaya Inc. confirmed Monday that it has received a non-binding indication from its chairman and CEO, David Baazov, that he intends to make an all-cash proposal to acquire Amaya at a price currently estimated by Mr. Baazov to be C$21.00 per common share.

The board of directors of Amaya has established a special committee of independent directors to review any proposal that may be forthcoming, as well as other alternatives that may become available to Amaya.

Amaya Lead Independent Director Dave Gadhia will chair the special committee.

As of the time of this release, the special committee has neither received nor solicited a formal bid or offer related to a potential transaction and there can be no assurance that Mr. Baazov's intention will result in a formal bid or offer or that any such bid or offer will ultimately result in a completed transaction.

Shareholders of Amaya do not need to take any action with respect to any potential proposal at this time. Amaya intends to provide updates if and when necessary in accordance with applicable securities laws.
 
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