MONTREAL, Sept. 14, 2015 /CNW/ - Amaya Inc. (TSX: AYA;
NASDAQ: AYA) ("Amaya" or the "Corporation") announced today that it
has terminated the automatic share purchase plan (the "APP"), which
it had entered into on June 1, 2015
for the purpose of facilitating repurchases of its common shares
("Common Shares") under its TSX-approved normal course issuer bid
("NCIB").
Regardless of the termination of the APP, the NCIB remains in
effect on the same terms and subject to the same TSX restrictions
as previously announced and disclosed. Consistent with its
previously announced plans to maximize shareholder value by
facilitating the repayment of indebtedness and/or the repurchase
and cancellation of Common Shares, Amaya may choose to use excess
available cash to repurchase additional Common Shares under the
NCIB at the times and in the amounts it determines in its
discretion. The NCIB will remain effective until the earlier of
February 17, 2016 or the date on
which Amaya has purchased the maximum number of Common Shares
permitted thereunder. As of the date hereof, Amaya had
purchased and cancelled a total of 1,455,300 Common Shares pursuant
to the NCIB for an aggregate purchase price of approximately
CAD$45.5 million.
Amaya is not aware of any undisclosed material information
regarding the Corporation or its securities.
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,
the European Poker Tour, PokerStars Caribbean
Adventure, Latin American Poker Tour and
the Asia Pacific Poker Tour. These brands 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
online gaming products, including casino, sportsbook and daily
fantasy sports.
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
applicable securities laws, including, without limitation, the
potential repurchase of Common Shares by Amaya under the NCIB.
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. These 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 June 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.