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AIMIA ANNOUNCES INTENTION TO RENEW NORMAL COURSE ISSUER BID
AIMIA ANNOUNCES INTENTION TO RENEW NORMAL COURSE ISSUER BID Canada NewsWire ...
About this update from Aimia Inc.
[{"type":"text","content":"\n\n\n\n AIMIA ANNOUNCES INTENTION TO RENEW NORMAL COURSE ISSUER BID\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 14, 2025\n \n\n /CNW/ - Aimia Inc. (TSX: AIM) announced today that its Board of Directors has authorized the renewal of its Normal Course Issue Bid (\"NCIB\") to purchase for cancellation up to 10% of its public float of common shares or approximately six million common shares, subject to the approval of the Toronto Stock Exchange (\"TSX\").\n \n\n Aimia's decision to renew its NCIB is consistent with its priority to narrow the discount of its share price relative to the intrinsic value of its net assets.\n \n\n Subject to the approval of the TSX, it is expected that the NCIB will be renewed on or about\n \n June 6\n \n\n ,\n \n 2025 and will end on\n \n June 5, 2026\n \n , at the latest.\n \n\n Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be made at the prevailing market price at the time of purchase. Aimia may also purchase common shares for cancellation pursuant to exemption orders from applicable securities regulatory authorities, and such purchases will be at a discount to the prevailing market price.\n \n\n As at\n \n April 30\n \n\n ,\n \n 2025 Aimia had 94,265,517 issued and outstanding common shares.\n \n\n The Company's public float for determining the number of shares available for purchase and cancellation (excluding shares held by insiders), pending TSX approval, was estimated at 60 million common shares as at\n \n April 30, 2025\n \n .  Aimia will only make purchases under the NCIB once all regulatory approvals are obtained.\n \n\n Aimia will retain discretion whether to make purchases under the NCIB, and to determine the timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX and other regulatory requirements. However, Aimia intends to enter into a pre-defined plan (the \"Plan\") with its broker to allow for the repurchase of common shares at times when ...