TORONTO, Dec. 12,
2023 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia")
announced today that it has been notified by the Toronto Stock
Exchange (the "TSX") that the TSX will defer consideration
of the acceptance of Aimia's recently announced new, tactical
shareholder rights plan (the "New Rights Plan")
until: (i) such time as it determines that the appropriate
securities commission will not intervene in the event of any
take-over bid for Aimia, including Mithaq Canada Inc.'s outstanding
unsolicited take-over bid to acquire all issued and outstanding
common shares of Aimia (the "Hostile Bid") and (ii) the
ratification of the New Rights Plan by the shareholders of Aimia
within six months from the date of its adoption.
The deferral of acceptance of the New Rights Plan by the TSX
does not affect the adoption or operation of the New Rights Plan,
which will remain operative and effective until the day after the
expiry of the Hostile Bid, unless terminated earlier.
A copy of the New Rights Plan is available under Aimia's profile
on SEDAR+ at www.sedarplus.ca.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company that makes long-term
investments in private and public businesses through controlling or
minority stakes. Aimia targets companies with durable economic
advantages evidenced by a track record of substantial free cash
flow generation over complete business cycles, strong growth
prospects, and guided by strong, experienced management teams.
Headquartered in Toronto, Canada,
Aimia is positioned to invest in any sector, wherever a suitable
opportunity can be identified worldwide. In addition, we seek
investments that may efficiently utilize Aimia's operating and
capital loss carry-forwards to further enhance shareholder
value.
For more information about Aimia, visit www.aimia.com.
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. Forward-looking
statements are typically identified by the use of terms such
phrases such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "project", "will",
"would" and "should", and similar terms and phrases, including
references to assumptions. Forward-looking statements in this press
release include, but are not limited to, statements with respect to
the Hostile Bid, termination of the New Rights Plan and TSX
approval of the New Rights Plan. 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's Discussion and Analysis and Annual
Information Form, each of which have been or will be filed on
SEDAR+ and can be accessed at www.sedarplus.ca. 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 assume 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.