The Stars Group has announced that it has filed a preliminary prospectus supplement to its short form base shelf prospectus dated January 16, 2018 relating to a proposed underwritten marketed public offering of common shares of the Company. 

The Offering contemplates a treasury offering of 15,000,000 common shares by the Company and a secondary offering of 6,000,000 common shares by certain shareholders. The Offering will be priced in the context of the market with the price and total size of the Offering to be determined at the time of entering into an underwriting agreement for the Offering.

The Company and the Selling Shareholders will also grant the underwriters for the Offering an over-allotment option to purchase up to an additional 15% of the common shares to be sold pursuant to the Offering. The over-allotment option will be exercisable for a period of 30 days after closing.

The Stars Group intends to use the net proceeds from the treasury offering, together with debt financing and cash on hand to fund the previously announced acquisition of Sky Betting & Gaming. The Offering is not contingent on the closing of the Acquisition or any debt financing. If for any reason the Acquisition does not close, the Company intends to use the net proceeds from the Offering for general corporate purposes.