Mr. Joe Racanelli reports
AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR OCTOBER
Aimia Inc. repurchased and settled for cancellation a total of 160,600 of its common shares in the month of October, 2025, under the company's normal course issuer bid program (NCIB). The total represents 0.2 per cent of Aimia's 90,611,085 common shares outstanding as at Oct. 31, 2025.
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 October were at a weighted-average price of $3.02 per common share for a total settlement of $484,949, excluding brokerage fees.
Through Oct. 31, 2025, Aimia has repurchased and cancelled 7,790,232 common shares since it first announced its share buyback initiative on June 4, 2024.
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 Oct. 31, 2025, Aimia has purchased and cancelled 1,668,900 shares, or 28.3 per cent 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.
Note: The movement in the number of Aimia's issued and outstanding shares since the start of its NCIB in June, 2024, also reflects the cancellation of 1,302,857 escrow shares and the issuance of 24,560 common shares related to the company's acquisition of Mittleman Investment Management LLC in June, 2020.
About Aimia Inc.
Aimia 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 ropes 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 businesses and efficiently utilizing its loss carryforwards to create shareholder value.
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