TORONTO, Dec. 29,
2023 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or
the "Company") is pleased to announce that the Company has
entered into a settlement agreement with Milkwood Capital (UK) Ltd.
("Milkwood") and its principal, Rhys
Summerton ("Summerton", and collectively with
Milkwood, the "Milkwood Parties") to withdraw all legal
proceedings between Aimia and the Milkwood Parties (the
"Settlement Agreement"). The Settlement Agreement includes
customary standstill, voting support and other provisions. The
terms of the Settlement Agreement are confidential.
Advisors
Norton Rose Fulbright Canada LLP is acting as legal counsel to
Aimia. Kingsdale Advisors is acting as strategic shareholder
advisor and communications advisor to Aimia.
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, Aimia seeks
investments that may efficiently utilize the Company's operating
and capital loss carry-forwards to further enhance stakeholder
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 or 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
Settlement Agreement and related matters. 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.
While Aimia considers these factors, expectations and assumptions
to be reasonable, actual events or results could differ materially
from the results, predictions, forecasts, conclusions or
projections expressed or implied in the forward-looking statements.
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 www.sedarplus.ca. Aimia cautions
that the list of risk factors included in such Management
Discussion and Analysis is not exhaustive. 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.