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AIMIA ANNOUNCES NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 7.8 MILLION SHARES
AIMIA ANNOUNCES NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 7.8 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 7.8 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 \n TORONTO\n \n \n ,\n \n \n June 17, 2022\n \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 7,780,322 of its common shares, or 10% of the public float of 77,803,228 common shares as at\n \n June 7, 2022\n \n , through the facilities of the TSX and through alternative Canadian trading systems (such as Alpha ATS), or by exempt offers or block purchases, during the period from\n \n June 21, 2022\n \n to no later than\n \n June 20, 2023\n \n . Purchases made on the open market through the facilities of the TSX and alternative Canadian 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 7\n \n , 2022, there were 91,944,936 issued and outstanding common shares.\n \n \n The average daily trading volume on the TSX for the past six months was 172,851 common shares. Under TSX rules, a maximum daily purchase of 25% of this average may be made, representing 43,212 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 Transactions under the NCIB will depend on future market conditions. Aimia retains 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 ap...