TORONTO, April 27,
2023 /CNW/ - Today, Aimia Inc. (TSX: AIM)
("Aimia" or the "Company") obtained an injunction from the Ontario
Superior Court of Justice against the former Chief Investment
Officer of Aimia and of its subsidiary, Mittleman Investment
Management LLC, as part of its ongoing efforts to ensure the
integrity of the trading of its shares and the results of the
Annual General Meeting held last week.
In addition to restraining the former insider from (a) using or
divulging the confidential information of the Company or of its
affiliates or (b) soliciting the clients of the Company or of its
affiliates, the Court made the following Order:
THIS COURT FURTHER ORDERS that the Defendant shall, by
5:00 p.m. Toronto time on Monday
May 1, 2023, provide Plaintiff's counsel with a sworn
statement:
(a) setting out a complete list of the names and
contact information of all persons with whom the Defendant has had
contact since February 1, 2023 who
own, whether directly or indirectly, any shares of the Plaintiff,
in respect of any of the matters listed in section 4 of the Letter
Agreement and setting out the manner in which such contact was
effected; and
(b) attaching all documents (as the term
"document" is defined in the Rules of Civil Procedure)
created since September 1, 2022,
including any correspondence howsoever made, in the possession,
power or control of the Defendant containing, reflecting or
describing in any way any discussions, negotiations,
understandings, agreements, advice, assistance, encouragement,
intention or desire to directly or indirectly:
(i) acquire or agree to acquire or make any
proposal to acquire or solicit offers to sell Aimia shares;
(ii) solicit or participate in the solicitation
of any proxies to vote, or to seek to advise or influence any
person with respect to the voting of any Aimia shares;
(iii) requisition or call a meeting of Aimia
shareholders; or
(iv) seek to control or influence the
management, board or policies of Aimia.
Aimia is taking all reasonable steps to protect the interests of
stakeholders.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company with a focus on
making long-term investments in private and public companies, on a
global basis, through controlling or minority stakes. The company
owns a portfolio of investments which include: 100% ownership of
Tufropes, a global leader in the manufacturing of high-performance
synthetic fiber ropes and netting solutions for global aquaculture,
maritime, and other various industrial customers, a 10.85% stake in
Clear Media Limited, one of the largest outdoor advertising firms
in China, a 48.8% equity stake in
Kognitiv, a B2B company enabling global brands to redefine loyalty
with solutions for multi-enterprise collaboration, a 11.8% equity
stake in TRADE X, a global B2B cross-border automotive trading
platform. Subject to transaction closing, Aimia's investment
portfolio will also include Bozzetto Group, one of the world's
largest ESG-focused providers of specialty sustainable
chemicals.
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 our 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
phrases 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, statements with respect to the Company's
investigation. 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'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.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 assume 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.