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AIMIA CONFIRMS THE LAUNCH OF ITS NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 5,012,419 SHARES
AIMIA CONFIRMS THE LAUNCH OF ITS NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 5,012,419
About this update from Aimia Inc.
TORONTO, June 4, 2026 /CNW/ - Aimia Inc. (TSX: AIM) (JSE: AII) ("Aimia" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has approved its previously-announced normal course issuer bid ("NCIB"). 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.Aimia has received approval to purchase for cancellation up to 5,012,419 of its common shares, or 10% of the public float of 50,124,193 common shares as at May 29, 2026, 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 June 8, 2025 to no later than June 7, 2027.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 May 29, 2026, there were 88,565,885 issued and outstanding common shares and Aimia has repurchased 3,725,400 of its common shares over the 12 past months out of the 5,906,629 shares that were authorized for repurchase and cancelation by the TSX during the 2025-2026 NCIB program. The weighted average price of the shares purchased was $2.87 per share. Purchases were made through the TSX and through the alternative Canadian trading systems.The average daily trading volume on the TSX less shares purchased by Aima for the past six months was 47,385 common shares. Under TSX rules, a maximum daily purchase of 25% of this average may be made, representing 11,846 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.Transactions under the NCIB will depend on future market conditions. Aimia renewed its automatic share purchase plan agreement (the Plan") with the designated broker responsible for the NCIB, to allow for the repurchase of common shares at t...