Latest news with #AimiaInc
Cision Canada
02-06-2025
- Business
- Cision Canada
AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR MAY 2025
TORONTO, June 2, 2025 /CNW/ - Aimia Inc. (TSX: AIM) announced that it repurchased and settled for cancellation a total of 1,450,132 of its common shares in the month of May 2025 under the Company's normal course issuer bid program (" NCIB"). The total represents 1.56% of Aimia's 92,815,385 common shares outstanding as at May 30, 2025. Shares were repurchased at a weighted-average price of $2.74 per common share for a total settlement of $3,974,551 excluding brokerage fees. Through May 30, 2025, Aimia has repurchased and cancelled 5,585,932 common shares or 79.69% of the 7,009,622 common shares it is eligible to purchase under its NCIB first announced on June 4, 2024 1. Aimia launched its NCIB as part of its strategy to enhance shareholder value. 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 Aimia Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit
Yahoo
22-05-2025
- Business
- Yahoo
AIMIA CONFIRMS ELECTION OF DIRECTORS
TORONTO, May 22, 2025 /CNW/ - Aimia Inc. (TSX: AIM) announced today that all five nominees proposed for election to the Company's Board of Directors listed in its management information circular dated April 17, 2025 were elected at its Annual Meeting of Shareholders. The percentage of shares at the Meeting voting in favour of individual directors is as follows: Director % of Votes For % of Votes Against Robert Feingold 91.22 % 8.78 % Steven Leonard 93.39 % 6.61 % Thomas (Tom) Little 98.79 % 1.21 % Muhammad Asif Seemab 99.48 % 0.52 % Rhys Summerton 93.30 % 6.70 % Shareholders re-appointed PWC as Aimia's Auditors. Management's approach to executive compensation ("Say on Pay") disclosed in Aimia's management information circular dated April 17, 2025 was approved with 96.47% of shares represented at the meeting voting in favour. Aimia's full Report on Voting Results has been filed on SEDAR+ at About AimiaAimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit SOURCE Aimia Inc. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
AIMIA REMINDS SHAREHOLDERS OF AGM VOTING DEADLINE
TORONTO, May 15, 2025 /CNW/ - Aimia Inc. (TSX: AIM) today reminded shareholders to vote their shares FOR all management nominees to the Board of Directors in advance of the Company's Annual General Meeting of Shareholders ("the Meeting") scheduled for May 21, 2025. Aimia's management nominees include: Rhys Summerton, Robert Feingold, Steve Leonard, Thomas Little, and Muhammad Asif Seemab. Voting instructions must be received by Aimia's transfer agent, TMX Trust, before 10:30 am ET on May 16, 2025. Aimia shareholders may attend the meeting in person or participate via webcast. AGM Details About Aimia Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit
Cision Canada
14-05-2025
- Business
- Cision Canada
AIMIA ANNOUNCES INTENTION TO RENEW NORMAL COURSE ISSUER BID
TORONTO, May 14, 2025 /CNW/ - Aimia Inc. (TSX: AIM) announced today that its Board of Directors has authorized the renewal of its Normal Course Issue Bid ("NCIB") to purchase for cancellation up to 10% of its public float of common shares or approximately six million common shares, subject to the approval of the Toronto Stock Exchange ("TSX"). Aimia's decision to renew its NCIB is consistent with its priority to narrow the discount of its share price relative to the intrinsic value of its net assets. Subject to the approval of the TSX, it is expected that the NCIB will be renewed on or about June 6, 2025 and will end on June 5, 2026, at the latest. Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be made at the prevailing market price at the time of purchase. 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 April 30, 2025 Aimia had 94,265,517 issued and outstanding common shares. The Company's public float for determining the number of shares available for purchase and cancellation (excluding shares held by insiders), pending TSX approval, was estimated at 60 million common shares as at April 30, 2025. Aimia will only make purchases under the NCIB once all regulatory approvals are obtained. Aimia will retain discretion whether to make purchases under the NCIB, and to determine the timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX and other regulatory requirements. However, Aimia intends to enter into a pre-defined plan (the "Plan") with its broker to allow for the repurchase of common shares at times when Aimia ordinarily would not be active in the market due to its pre-scheduled blackout periods. The Plan will be adopted in accordance with applicable laws and is subject to the approval of the TSX. 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 capital. Aimia believes it is in its best interest of shareholders to proceed with the NCIB given that its availability liquidity is sufficient to execute on the Company's future strategic direction and capital allocation priorities. About Aimia Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit Forward-Looking Statements This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimates, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements are typically identified by the use of terms such as "expects" and "expected". Forward-looking statements in this press release include, but are not limited to, statements with respect to the approval of the NCIB by the TSX, the timing and size of the NCIB, the number of common shares that can be purchased under the NCIB, Aimia's current and future plans, expectations and intentions with respect to the NCIB and the approval by the TSX. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to us can be found in our current Management Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR+ and can be accessed at Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and we disclaim any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Aimia Inc.
Yahoo
13-05-2025
- Business
- Yahoo
AIMIA DECLARES PREFERRED SHARE DIVIDENDS
TORONTO, May 13, 2025 /CNW/ - Aimia Inc. (TSX: AIM) today announced that its Board of Directors has declared quarterly dividends on each series of its preferred shares: A quarterly dividend in the amount of $0.392563 per Cumulative Rate Reset Preferred Share, Series 1. A quarterly dividend in the amount of $0.485813 per Cumulative Rate Reset Preferred Share, Series 3. A quarterly dividend in the amount of $0.438670 per Floating Dividend Rate Preferred Share, Series 4. The Floating Quarterly Dividend Rate will be reset every quarter. In each case, dividends are payable on June 30, 2025 to the holders of record at the close of business on June 16, 2025. Dividends paid by Aimia to Canadian residents on its preferred shares are "eligible dividends" for the purpose of the Income Tax Act (Canada) and any similar applicable provincial legislation. About AimiaAimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit SOURCE Aimia Inc. View original content:
