Mr. Joe Racanelli reports
AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR APRIL
Aimia Inc. repurchased and settled for cancellation a total of 228,900 of its common shares in the month of April, 2026, under the company's normal course issuer bid program (NCIB). The total represents 0.3 per cent of Aimia's 88,790,285 common shares outstanding as at April 30, 2026.
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 April were at a weighted average price of $2.79 per common share for a total settlement of $638,344, excluding brokerage fees.
Through April 30, 2026, Aimia has repurchased and cancelled 9,611,032 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 April 30, 2026, Aimia has purchased and cancelled 3,489,700 shares, or 59.1 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 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 Inc.
Aimia is a diversified conglomerate focused on enhancing the value of its holdings. Headquartered in Toronto, Aimia's priorities include increasing its intrinsic value, reducing holding company costs, reducing the discount of its share price to the intrinsic value of its businesses and redeploying capital to make investments in undervalued companies.
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