Baazov’s payoff follows a selloff of 7 million Amaya shares earlier this month, which earned the former CEO a US$ 99 million payday.
Former Amaya CEO owned around 24.6 mllion shares at the start of the month, but now holds only around 5.6 million, representing approximately 3.8% of the company’s issued and outstanding common shares.
As with his earlier share sale, Baazov says he intends to use the proceeds for "investment purposes.” Baazov recently revealed that he’d installed himself as chairman of Ahaka Capital, a new private investment firm. Ahaka’s first investment was in UVEye, a US firm that specializes in anti-terrorism technology.
