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Aimia Announces Normal Course Issuer Bid to Repurchase up to 7.3 Million Shares
Aimia Announces Normal Course Issuer Bid to Repurchase up to 7.3 Million Shares ...
About this update from Aimia Inc.
[{"type":"text","content":"\n \n \n \n Aimia Announces Normal Course Issuer Bid to Repurchase up to 7.3 Million Shares\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 TORONTO\n \n ,\n \n June 17, 2021\n \n /CNW/ - Aimia Inc. (TSX: AIM) announces that it has received approval from the Toronto Stock Exchange (the\n \n TSX\n \n ) respecting the establishment of a normal course issuer bid (\n \n NCIB\n \n ).\n \n \n Aimia has received approval to purchase for cancellation up to 7,349,638 of its common shares, or 10% of the public float of 73,496,384 common shares as at\n \n June 8, 2021\n \n , through the facilities of the TSX and through alternative trading systems (such as Alpha ATS), or by exempt offers or block purchases, during the period from\n \n June 21, 2021\n \n to no later than\n \n June 20, 2022\n \n . Purchases made on the open market through the facilities of the TSX and alternative trading systems will be at the prevailing market price at the time of acquisition. 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. As at\n \n June 8\n \n , 2021 there were 92,488,212 issued and outstanding common shares.\n \n \n The average daily trading volume on the TSX for the past six months was 122,892 common shares. Under TSX rules, a maximum daily purchase of 25% of this average may be made, representing 30,723 common shares. In addition, Aimia may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not directly or indirectly owned by insiders of Aimia, in accordance with the regulations of the TSX. The common shares purchased pursuant to the NCIB will be cancelled.\n \n \n In addition, a subsidiary of Aimia, Mittleman Investment Management, LLC (\"MIM\") may act jointly or in concert with Aimia and purchase Common Shares through open market purchases on the TSX and through alternative trading systems (such as Alpha ATS). These Common Shares ...