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David Baazov, former president and chief executive officer of gaming company Amaya Inc.Christinne Muschi

David Baazov says he has sold seven million common shares in Amaya, the Montreal-based gaming company he founded and once led as CEO before he encountered legal troubles.

Baazov sold the stock on the S&P/TSX composite index for $19 per share, totalling $133-million.

The disposition leaves Baazov with roughly 17.6 million common shares, representing 12.1 per cent of the company's issued and outstanding common stock.

Baazov pleaded not guilty last year to securities-related charges following an investigation into allegations of insider trading.

He had proposed to buy Amaya, but walked away from the bid in December.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 01/03/24 4:00pm EST.

SymbolName% changeLast
AYA-T
Aya Gold and Silver Inc
+2.46%10

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