12:46:58 EDT Tue 26 May 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Aimia Inc
Symbol AIM
Shares Issued 93,838,329
Close 2020-03-27 C$ 1.99
Recent Sedar Documents

Aimia conversion, delisting of Series 2 shares

2020-03-27 20:52 ET - Miscellaneous

The Toronto Stock Exchange reports that Aimia Inc.'s cumulative floating rate preferred shares, Series 2 (symbol AIM.PR.B), will be halted at the open and delisted at the close on March 31, 2020. According to the TSX, all of the issued and outstanding Series 2 shares of the company will be converted into cumulative rate reset preferred shares, Series 1 (symbol AIM.PR.A), on March 31, 2020, following the conversion period, which began on March 2, 2020, and ended at 5 p.m. Montreal time on March 16, 2020.

The TSX reports that in accordance with the rights, privileges, restrictions and conditions attaching to the Series 2 shares and the Series 1 shares, since there would be fewer than one million Series 2 shares outstanding on March 31, 2020, after having taken into account the 1,774,254 Series 2 shares tendered for conversion into Series 1 shares and the 17,370 Series 1 shares tendered for conversion into Series 2 shares, all Series 2 shares will be automatically converted into Series 1 shares on March 31, 2020.

According to the TSX, no Series 2 shares will be issued on March 31, 2020, all 2,161,865 Series 2 shares will be automatically converted into Series 1 shares on March 31, 2020, and no Series 2 shares will remain issued and outstanding after March 31, 2020. In addition, the holders of Series 1 shares who elected to tender their shares for conversion will not have their Series 1 shares converted into Series 2 shares on March 31, 2020. As a result, after March 31, 2020, there will be 5,083,140 issued and outstanding Series 1 shares, all of which will be listed on the TSX.

For more information, see the company's news releases dated Feb. 28, 2020, and March 27, 2020.

© 2020 Canjex Publishing Ltd. All rights reserved.