Page 3 of 5 – SEC Filing
| Item 1. | Security and Issuer |
This Amendment No. 5 to Schedule 13D (this “Amendment No. 4”) is being filed to amend certain Items of the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on February 1, 2016 (the “Original 13D”), as amended by Amendment No. 1 to the Original 13D (“Amendment No. 1”), filed on November 14, 2016, Amendment No. 2 to the Original 13D (“Amendment No. 2”), filed on November 25, 2016, Amendment No. 3 to the Original 13D (“Amendment No. 3”), filed on December 20, 2016 and Amendment No. 4 to the Original 13D (“Amendment No. 3”), filed on March 8, 2017 (as so amended by Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4, the “Amended 13D”). Capitalized terms used herein but not defined herein have the respective meanings ascribed thereto in the Amended 13D. Except as set forth below, all Items contained in the Amended 13D are unchanged.
This Amendment No. 5 is filed with respect to the common shares, no par value (“Common Shares”), of Amaya Inc., a corporation incorporated under the laws of Quebec, Canada (the “Issuer” or “Amaya”). The principal executive offices of the Issuer are located at 7600 TransCanada Highway, Pointe-Claire, Québec H9R 1C8, Canada and the Corporation’s telephone number is +1 (514) 744-3122.
| Item 2. | Identity and Background |
(b) The Reporting Persons’ residence address is c/o Ahaka Inc., 2000 Avenue McGill College, Suite 600.
(c) The Reporting Person’s principal occupation is as a private investor.
| Item 3. | Source and Amount of Funds or Other Consideration |
Not applicable.
| Item 4. | Purpose of Transaction |
The Acquiror disposed of 2,700,000 Common Shares on March 29, 2017 at an average price of $22.00 CDN per share and 9,300,000 Common Shares on March 30, 2017 at an average price of $22.40 CDN per share for a total amount of $267,720,000 CDN. The Acquiror continues to own 5,605,839 Common Shares for investment purposes. On March 30, 2017, the Acquiror ceased to be the beneficial owner of more than five percent (5%) of the Shares of the Company and therefore, the Acquiror will cease to report his equity holdings in the Company going forward. The Acquiror may, from time to time, dispose of some or all of the existing securities he owns or will own, or may continue to own his current position depending on market and other conditions and regulatory restrictions or requirements, including, without limitation, through open market transactions, treasury issuances, private agreements or otherwise for investment purposes.
| Item 5. | Interest in Securities of the Issuer |
| Name and Title of Beneficial Owner | Number of Outstanding Common Shares Beneficially Owned | Percentage of Outstanding Common Shares(1) | ||
| David Baazov | 5,605,839 | 3.8% |
____________________
| (1) | Based on 145,772,027 common shares issued and outstanding, as reported by Amaya Inc. in its Management’s Discussion and Analysis for the three and twelve months ended December 31, 2017, as furnished to the SEC on March 22, 2017 as Exhibit 99.3 to its Form 40-F. |
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