TORONTO, July 29,
2022 /CNW Telbec/ - Aimia Inc. ("Aimia") (TSX: AIM)
today announced that, in connection with its previously announced
normal course issuer bid ("NCIB") to purchase up to 7,780,322 of
its common shares ("Shares"), it recently entered into an automatic
share purchase plan ("ASPP") with the designated broker responsible
for the NCIB. The ASPP allows for the purchase of Shares under the
NCIB at times when Aimia would ordinarily not be permitted to
purchase Shares due to regulatory restrictions and customary
self-imposed blackout restrictions. Aimia is currently in a
customary self-imposed blackout, but is not in possession of any
material undisclosed information.
The ASPP provides a set of standard instructions to the
designated broker to make purchases under the NCIB, without further
instructions from Aimia, in accordance with the limits and other
terms set out in the ASPP, the rules of the Toronto Stock Exchange
("TSX") and applicable securities laws. The ASPP has been
pre-cleared by the TSX and will be implemented as of today.
The NCIB was originally announced by Aimia on June 17, 2022. The NCIB commenced on June 21, 2022 and will end no later than
June 20, 2023. All purchases made
under the ASPP will be included in computing the number of Shares
purchased and cancelled by Aimia under the NCIB.
Aimia Inc. (TSX: AIM) is a holding company with a focus on
making long-term investments in public and private companies, on a
global basis, through controlling or minority stakes.
The company owns a portfolio of investments which include: a
10.85% stake in Clear Media Limited, one of the largest outdoor
advertising firms in China, a
48.9% equity stake in Kognitiv, a B2B technology company enabling
collaborative commerce, a 12.2% equity stake in TRADE X, a global
B2B cross-border automotive trading platform as well as a wholly
owned investment advisory business, Mittleman Investment
For more information about Aimia, visit www.aimia.com.
This press release contains statements that constitute
"forward-looking information" within the meaning of Canadian
securities laws ("forward-looking statements"), which are based
upon our current expectations, estimates, projections, assumptions
and beliefs. All information that is not clearly historical in
nature may constitute forward-looking statements. In some cases,
forward-looking statements are typically identified by the use of
terms such as "expects" and "expected". Forward-looking statements
in this press release include, but are not limited to, statements
with respect to the use of our NCIB.
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 us can be found in our current Management Discussion
and Analysis and Annual Information Form, each of which have been
or will be filed on SEDAR and can be accessed at
www.sedar.com. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they
are made and we disclaim 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.