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AIMIA'S LARGEST SHAREHOLDER ENCOURAGES FELLOW SHAREHOLDERS TO VOTE AGAINST BOARD
AIMIA'S LARGEST SHAREHOLDER ENCOURAGES FELLOW SHAREHOLDERS TO VOTE AGAINST BOARD Canada...
About this update from Aimia Inc.
[{"type":"text","content":"\n \n \n \n AIMIA'S LARGEST SHAREHOLDER ENCOURAGES FELLOW SHAREHOLDERS TO VOTE AGAINST BOARD\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 Aimia's disappointing state of affairs is largely due to a lack of ownership by the Board, which has overseen tepid performance and misaligned strategy;\n \n \n Lack of respect for shareholder democracy is also disappointing, as is the Board's unwillingness to constructively engage with shareholders and instead opt for entrenchment tactics and threats;\n \n \n Unfounded allegations against 19.9% shareholder are a transparent attempt to distract and mislead, increasing shareholder momentum against the re-election of Aimia's directors; and\n \n \n Largest shareholder urges fellow shareholders to vote against the re-election of the Board at the Meeting to enable positive change at Aimia.\n \n \n \n \n TORONTO\n \n ,\n \n April 10, 2023\n \n /CNW/ - Mithaq Capital SPC (\"\n \n Mithaq\n \n \"), the largest shareholder of Aimia Inc. (TSX: AIM) (\"\n \n Aimia\n \n \") holding 19.9% of Aimia's common shares, today outlined further reasons why it intends to vote against Aimia's underperforming and entrenched board of directors (the \"\n \n Board\n \n \") at the upcoming annual meeting of shareholders to be held on\n \n April 18, 2023\n \n (the \"\n \n Meeting\n \n \").\n \n \n Mithaq is a strategic shareholder with a history of supporting first-class management teams and championing lifelong partnerships that are based primarily on trust. However, as Mithaq has stated previously, it is no longer content with Aimia's failing performance and has lost trust.\n \n \n Since announcing its decision to vote against the Board on\n \n April 6\n \n , Mithaq has received numerous unsolicited expressions of support from other shareholders, who have stated their intention to\n \n Vote \"AGAINST\"\n \n . It appears that Mithaq's frustration is shared widely. Given Aimia's flailing response, it seems that its directors are also aware of the increasing momentum against their re-election.\n \n \n In addition,...