Business
AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR MAY
Aimia Inc. (TSX: AIM) (JSE: AII) announced today that it repurchased and settled for cancellation a total of 224,400 of its common shares in the month of May 2026 under the Company's normal course issuer bid program ("NCIB"). The total represents 0.25% of Aimia's 88,565,885 common shares outstanding as at May 31, 2026.
About this update from Aimia Inc.
TORONTO, June 1, 2026 /CNW/ - Aimia Inc. (TSX: AIM) (JSE: AII) announced today that it repurchased and settled for cancellation a total of 224,400 of its common shares in the month of May 2026 under the Company's normal course issuer bid program ("NCIB"). The total represents 0.25% of Aimia's 88,565,885 common shares outstanding as at May 31, 2026. Aimia's NCIB is a component of the Company's strategy for enhancing shareholder value and reducing the discount of its share price relative to the intrinsic value of its net assets. Shares repurchased in May were at a weighted-average price of $2.70 per common share for a total settlement of $606,220 excluding brokerage fees. Through May 31, 2026, Aimia has repurchased and cancelled 9,835,432 common shares since it first announced its share buyback initiative on June 4, 20241. On June 4, 2025 Aimia announced the renewal of its NCIB through June 5, 2026 with approval to purchase for cancellation up to 5,906,629 of its common shares. Through May 31, 2026 Aimia has purchased and cancelled 3,714,100 shares or 62.9% of allowable shares in its current NCIB program. Aimia believes that the market price of its common shares may, from time to time, not reflect the intrinsic value of the company, and that repurchases of common shares pursuant to the NCIB may represent an appropriate and desirable use of the Company's funds. Therefore, Aimia believes that it is in its best interest to proceed with this NCIB, while maintaining sufficient financial flexibility to execute on the Company's future strategic direction and capital allocation priorities. About AimiaAimia Inc. (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia's priorities include increasing its intrinsic value, reducing holding company costs, reducing the discount of its share price to the intrinsic value of its businesses, and redeploying capital to make investments in undervalued companies. For more information about Aimia, visit www.aimia.com View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2026/01/c0292.html