Amaya terminates automatic share purchase plan
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.
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