TORONTO, Oct. 31, 2024 /CNW/ - Mithaq Capital SPC ("Mithaq"), the largest shareholder of Aimia Inc. (TSX: AIM) ("Aimia"), today announced that it has entered into an agreement with Aimia (the "Cooperation Agreement") that will result in the dismissal of all outstanding litigation between the two parties.
Under the terms of the Cooperation Agreement:
Aimia has agreed to appoint two Mithaq nominees, Muhammad Asif Seemab and Rhys Summerton, to its board of directors (the "Board");Aimia has agreed to grant customary pre-emptive and registration rights to Mithaq;Mithaq has agreed to customary standstill provisions through March 31, 2026; andMithaq has undertaken to vote in favour of Aimia's management nominees at Aimia's 2025 annual general meeting.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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