Business
AIMIA'S EXECUTIVE CHAIRMAN INCREASES OWNERSHIP POSITION IN THE COMPANY THROUGH A PRIVATE SHARE PURCHASE TRANSACTION
AIMIA'S EXECUTIVE CHAIRMAN INCREASES OWNERSHIP POSITION IN THE COMPANY THROUGH A PRIVATE SHARE PU...
About this update from Aimia Inc.
[{"type":"text","content":"\n\n\n\n AIMIA'S EXECUTIVE CHAIRMAN INCREASES OWNERSHIP POSITION IN THE COMPANY THROUGH A PRIVATE SHARE PURCHASE TRANSACTION\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 April 14, 2025\n \n\n /CNW/ - Aimia Inc. (TSX: AIM) (\"\n \n Aimia\n \n \" or the \"\n \n Company\n \n \") announced today that as a result of Milkwood Capital's purchase of 5.9 million Aimia common shares held by Eagle 1250 Investment Group Inc (\"Eagle\") in a private transaction, the Company has terminated an Investor Rights Agreement (\"\n \n Agreement\n \n \") signed with Eagle, the lead investor of a private placement that closed in\n \n October 2023\n \n . The shares purchased by Milkwood represent approximately 6.2% of Aimia's issued and outstanding shares as at\n \n March 31, 2025\n \n . Aimia was informed of the closing of the private transaction earlier today.\n \n\n Mr. Summerton was appointed Aimia's Executive Chairman on\n \n March 27, 2025\n \n . He is the founder and investor at Milkwood Capital, a fundamental value-driven asset manager based in\n \n Windsor, UK\n \n .\n \n\n In\n \n October 2023\n \n , Aimia closed a private placement by a group of strategic investors of 10,475,000 Aimia common shares together with 10,475,000 common share purchase warrants for total gross proceeds of\n \n $32.5 million\n \n . The common shares were issued at\n \n $3.10\n \n per share with the purchase share warrants at a\n \n $3.70\n \n exercise price. The lead investor, Eagle, acquired 5,905,980 common shares and 5,905,980 purchase share warrants through the private placement.\n \n\n With the termination of the Agreement, all rights granted to Eagle, including the right to nominate directors to Aimia's Board of Directors, are no longer in effect.\n \n\n\n About Aimia\n \n\n\n Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the growth potential of its two global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in\n \n Toronto\n...