Mr. Joe Racanelli reports
AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR MAY 2025
Aimia Inc. repurchased and settled for cancellation a total of 1,450,132 of its common shares in the month of May, 2025, under the company's normal course issuer bid program (NCIB). The total represents 1.56 per cent of Aimia's 92,815,385 common shares outstanding as at May 30, 2025.
Shares were repurchased at a weighted-average price of $2.74 per common share for a total settlement of $3,974,551 excluding brokerage fees. Through May 30, 2025, Aimia has repurchased and cancelled 5,585,932 common shares or 79.69 per cent of the 7,009,622 common shares it is eligible to purchase under its NCIB first announced on June 4, 2024. Aimia launched its NCIB as part of its strategy to enhance shareholder value.
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.
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 rope 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 net assets and efficiently utilizing its loss carry forwards to create shareholder value.
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