Mr. Joe Racanelli reports
LEADING PROXY ADVISOR ISS RECOMMENDS AIMIA SHAREHOLDERS TO VOTE FOR ALL MANAGEMENT NOMINEES
Institutional Shareholder Services has recommended shareholders to vote for all management nominees to the board of directors at the company's annual general meeting of shareholders slated for June 26, 2024.
ISS is a leading independent proxy voting and corporate governance advisory firm whose recommendations influence how pension funds, investment managers, mutual funds and other institutional shareholders vote.
In its report, ISS stated that the company has demonstrated stewardship of investors' interests concerning executive compensation along with a clearly defined strategy that includes shareholder feedback. It also highlighted that considerable changes were made to the board to better align the interests of shareholders and non-employee directors and no further change is needed.
The report from ISS further recommended that Aimia shareholders do not vote on the dissident gold proxy card for Mithaq Capital SPC nominees as the dissident did not provide a case for change.
Aimia remains fully committed to acting in the best interests of its shareholders and rejects Mithaq's recent baseless allegations and reiterates its unwavering dedication to creating sustainable long-term value for all shareholders and to upholding the highest standards of corporate governance.
The meeting will be conducted by an independent chair advised by independent counsel. If the meeting becomes a contested meeting (which occurs where there is more than one candidate nominated for each position available on the board), any votes that are cast against any nominee director on the company's form of proxy will be treated as withhold votes for purposes of tabulating the votes at the meeting in accordance with the Canada Business Corporation Act and its regulations.
Vote today
Do not delay. Shareholders are encouraged to vote for all of the Aimia nominees well in advance of the 10:30 a.m. Toronto time deadline on Monday, June 24, 2024.
The management information circular and related materials for the meeting are available under the company's profile on SEDAR+.
Shareholder questions and assistance
If you have any questions or need assistance voting, contact Kingsdale: Call 1-800-495-6389 (North America toll-free); text or call 1-647-251-9706 (outside North America); or e-mail contactus@kingsdaleadvisors.com.
About Aimia
Inc.
Aimia is a diversified company focused on unlocking the growth potential of its two global businesses: Bozzetto, a sustainable specialty chemical company, and Cortland International, a rope and netting solution company. Headquartered in Toronto, Aimia's priorities include monetizing its non-core investments, returning capital to its shareholders and efficiently utilizing its loss carryforwards to create shareholder value.
We seek Safe Harbor.
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