20:05:32 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Aimia Inc
Symbol AIM
Shares Issued 84,164,614
Close 2023-06-07 C$ 3.56
Market Cap C$ 299,626,026
Recent Sedar Documents

Aimia swallows poison pill

2023-06-07 19:28 ET - News Release

Mr. Albert Matousek reports

AIMIA ADOPTS SHAREHOLDER RIGHTS PLAN TO PROTECT AGAINST "CREEPING" BIDS AND UNEQUAL TREATMENT OF SHAREHOLDERS

Aimia Inc.'s board of directors has approved the adoption of a shareholder rights plan pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent, dated June 7, 2023.

The board adopted the shareholder rights plan in response to Mithaq Capital SPC's continued attempts to acquire effective control of Aimia through share acquisitions (in example, a creeping bid), despite Aimia's continuing legal proceedings against Mithaq requesting, among other things, an interlocutory injunction preventing Mithaq from acquiring or disposing Aimia's shares.

The purpose of the shareholder rights plan is to ensure that all shareholders are treated fairly in connection with any offer to acquire the outstanding common shares of Aimia and that the board has the opportunity to identify, solicit, develop and negotiate value-enhancing alternatives to any unsolicited takeover bid.

The shareholder rights plan is subject to the acceptance of the Toronto Stock Exchange. While the shareholder rights plan is effective as of the effective date, it is subject to ratification of Aimia's shareholders at a meeting of shareholders to be held within six months, failing which it will terminate. If ratified by shareholders of Aimia at the meeting, the shareholder rights plan will remain in effect for a term of three years following such ratification. The shareholder rights plan is similar to rights plans adopted by other Canadian companies and ratified by their shareholders.

A summary of the principal terms and conditions of the shareholder rights plan will be set out in Aimia's management information circular to be mailed to shareholders prior to the meeting. A copy of the complete shareholder rights plan will be filed on SEDAR.

About Aimia Inc.

Aimia is a holding company with a focus on making long-term investments in private and public companies, on a global basis, through controlling or minority stakes. The company owns a portfolio of investments which include: 100-per-cent ownership of Tufropes, a global leader in the manufacturing of high performance synthetic fibre ropes and netting solutions for global aquaculture, maritime and other various industrial customers, 94-per-cent ownership of Bozzetto Group, one of the world's largest environmental-, social- and governance-focused providers of specialty sustainable chemicals, a 10.85-per-cent stake in Clear Media Ltd., one of the largest outdoor advertising firms in China, a 48.9-per-cent equity stake in Kognitiv, a global software-as-a-service company inspiring customer loyalty through data-driven personalization, as well as an 11.9-per-cent equity stake in Trade X, a global business-to-business cross-border automotive trading platform.

We seek Safe Harbor.

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