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AIMIA CONFIRMS THE LAUNCH OF ITS NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 5,906,629 SHARES
AIMIA CONFIRMS THE LAUNCH OF ITS NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 5,906,629 SHARES ...
About this update from Aimia Inc.
[{"type":"text","content":"\n\n\n\n AIMIA CONFIRMS THE LAUNCH OF ITS NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 5,906,629 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 4, 2025\n \n\n /CNW/ - Aimia Inc. (TSX: AIM) (\"Aimia\" or the \"Company\") announces that the Toronto Stock Exchange (the \"TSX\") has approved its previously-announced normal course issuer bid (\"NCIB\").\n \n\n The NCIB represents part of the Company's strategy of enhancing shareholder value and reducing the discount of its share price relative to the intrinsic value of its net assets.\n \n\n Aimia has received approval to purchase for cancellation up to 5,906,629 of its common shares, or 10% of the public float of 59,066,298 common shares as at\n \n May 30, 2025\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 6, 2025\n \n to no later than June 5, 2026.\n \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 May 30\n \n , 2024, there were 92,815,385 issued and outstanding common shares and Aimia has repurchased and cancelled 5,835,932 of its common shares over the 12 past months out of the 7,009,622 shares that were authorized for repurchase and cancelation by the TSX during the 2024-2025 NCIB program. The weighted average price of the shares purchased was\n \n $2.61\n \n per share. Purchases were made through the TSX and through the alternative Canadian trading systems.\n \n\n The average daily trading volume on the TSX less shares purchased by Aima for the past six months was 45,495 common shares. Under TSX rules, a maximum daily purchase of 25% of this averag...