TORONTO, Jan. 23,
2024 /CNW/ - Aimia Inc. (TSX: AIM)
("Aimia" or the "Company") announced today that after
reviewing the news release filed by Mithaq Canada Inc., a
wholly-owned subsidiary of Mithaq Capital SPC ("Mithaq"), on
January 18, 2024 to extend the
deadline of its offer to acquire all of the issued and outstanding
common shares of Aimia (the "Hostile Offer"), Aimia's board
of directors (the "Board") continues to recommend that Aimia
shareholders REJECT the Hostile Offer given that its terms
have not changed.
To reject the Hostile Offer, shareholders DO NOT need to take
any action.
The directors' circular of the Company filed October 20, 2023 (the "Circular") details
a comprehensive list of reasons for the recommendation to reject
the Hostile Offer, which are still relevant despite the deadline
extension. A copy of the Circular is available at
www.aimia.com/mithaqoffer and has been filed on SEDAR+ at
www.sedarplus.ca.
For questions about the Hostile Offer or to find out how to
withdraw tendered shares, shareholders are encouraged to call
Aimia's strategic shareholder advisor, Kingsdale Advisors, at
1-800-495-6389, or to email them at
contactus@kingsdaleadvisors.com.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company that makes long-term
investments in private and public businesses through controlling or
minority stakes. Aimia targets companies with durable economic
advantages evidenced by a track record of substantial free cash
flow generation over complete business cycles, strong growth
prospects, and guided by strong, experienced management teams.
Headquartered in Toronto, Canada,
Aimia is positioned to invest in any sector, wherever a suitable
opportunity can be identified worldwide. In addition, we seek
investments that may efficiently utilize the Company's operating
and capital loss carry-forwards to further enhance shareholder
value.
For more information about Aimia, visit www.aimia.com.
Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking information" within the meaning of Canadian
securities laws ("forward-looking statements"), which are
based upon Aimia's current expectations, estimates, projections,
assumptions and beliefs. All information that is not clearly
historical in nature may constitute forward-looking statements.
Forward-looking statements are typically identified by the use of
terms such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "project", "will",
"would" and "should", and similar terms and phrases, including
references to assumptions.
Forward-looking statements in this press release include, but
are not limited to, future upside resulting from the Company
executing on its strategy. Forward-looking statements, by their
nature, are based on assumptions and are subject to known and
unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the forward-looking statement
will not occur. The forward-looking statements in this press
release speak only as of the date hereof and reflect several
material factors, expectations and assumptions. Undue reliance
should not be placed on any predictions or forward-looking
statements as these may be affected by, among other things,
changing external events and general uncertainties of the business.
A discussion of the material risks applicable to the Company can be
found in Aimia's current Management's Discussion and Analysis and
Annual Information Form, each of which have been or will be filed
on SEDAR+ and can be accessed at www.sedarplus.ca. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and Aimia
disclaims any intention and assumes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
SOURCE Aimia Inc.