David Baazov, chairman and CEO of supplier and online gaming operator Amaya, Inc., announced that he has acquired an additional 60,000 common shares in Amaya, bringing his total stake to 24,523,599 shares.
Baazov’s stake represents approximately 18.42 percent of all issued and outstanding common shares of the company, which has a new life as an operator since its purchase of the parent company of PokerStars and Full Tilt Poker.
The common shares were acquired on the open market over the facilities of the Toronto Stock Exchange, at an average price of $20.2955 per share. The 60,000 shares represent approximately 0.045% of the currently issued and outstanding common shares.
Baazov maintains options entitling him to acquire 450,000 additional common shares of Amaya. On a partially diluted basis, assuming the exercise of all of his options, Baazov would own around 18.69 percent of the company.
