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AIMIA PROVIDES REMINDER OF UPCOMING EXPIRATION OF SUBSTANTIAL ISSUER BID
AIMIA PROVIDES REMINDER OF UPCOMING EXPIRATION OF SUBSTANTIAL ISSUER BID Canada NewsWir...
About this update from Aimia Inc.
[{"type":"text","content":"\n\n\n\n AIMIA PROVIDES REMINDER OF UPCOMING EXPIRATION OF SUBSTANTIAL 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 Jan. 28, 2025\n \n\n /CNW/ - Aimia Inc. (TSX: AIM) (\"\n \n Aimia\n \n \" or the \"\n \n Company\n \n \") today provided a reminder of its previously announced substantial issuer bid (the \"\n \n Offers\n \n ') under which the Company has offered to purchase for cancellation up to 100% of its Cumulative Rate Reset Preferred Shares, Series 1 (the \"\n \n Series 1 Shares\n \n \"), Cumulative Rate Reset Preferred Shares, Series 3 (the \"\n \n Series 3 Shares\n \n \") and Cumulative Floating Rate Preferred Shares, Series 4 (the \"\n \n Series 4 Shares\n \n \" and collectively with the Series 1 Shares and the Series 3 Shares, the \"\n \n Preferred Shares\n \n \") in consideration for 9.75% senior unsecured notes (the \"\n \n 2030 Notes\n \n \").  All amounts are denominated in Canadian dollars.\n \n\n The Offers will expire on\n \n\n January 30, 2025\n \n\n at\n \n 5 pm (Eastern Time)\n \n (the \"\n \n Expiry Time\n \n \"), unless withdrawn, extended or varied by the Company.\n \n\n Based on the preliminary count provided by TMX Trust, the depository for the Offers, a total of 7,811,097 Preferred Shares were validly tendered as of\n \n January 10, 2025\n \n (being the initial expiry date before having been extended to\n \n January 30, 2025\n \n ). As a result of the number of Preferred Shares tendered through the initial expiry date, a total of 1,627,306 Preferred Shares remained issued and outstanding on a combined basis. This total is comprised of:\n \n\n\n Series 1: 606,658 Series 1 Shares;\n \n\n Series 3: 1,013,636 Series 3 Shares; and\n \n\n Series 4: 7,012 Series 4 Shares.\n \n\n\n Given the number of Preferred Shares tendered as of the initial expiry date, Aimia anticipates that the liquidity for its Preferred Shares pending the expiration of its Offers will become considerably more constrained than prior to the launch of its Substantial Issuer Bid.\n \n\n The ...