Amaya reports updated holdings of NYX Gaming Group securities

MONTREAL, July 20, 2016  /CNW/ - 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, on May 18, 2016, Amaya acquired 5,454,546 special warrants of NYX ("Special Warrants"), each being exercisable into one ordinary share of NYX (each, an "Ordinary Share") and one-quarter of one Ordinary Share purchase warrant of NYX (each, a "Warrant"). Each Warrant is exercisable into the same number of Ordinary Shares. The Special Warrants held by Amaya were acquired by it in connection with NYX's acquisition of OB Topco Limited ("OpenBet").

As publicly announced by NYX on July 15, 2016, the automatic exercise of all 54,550,000 Special Warrants issued by NYX in connection with the OpenBet acquisition is deemed to have occurred at 5:00 p.m. (EDT) on July 20, 2016 without payment of any additional consideration by the holders thereof (the "Automatic Exercise"). The Automatic Exercise resulted in Amaya acquiring, through no further action on its part or payment of any additional consideration, beneficial ownership of 5,454,546 Ordinary Shares and 1,363,636 Warrants. Notwithstanding, the Automatic Exercise resulted in a decrease in Amaya's deemed securityholding percentage in the Ordinary Shares to 15.71% on a partially diluted basis (assuming the exercise or conversion of all securities of NYX and its subsidiaries held by Amaya and on the basis of 105,184,896 Ordinary Shares issued and outstanding, as disclosed in NYX's short form prospectus filed on July 14, 2016).

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) any of the 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

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

SOURCE Amaya Inc.

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: [phone], [email protected]