PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Mon, 11.11.2024       Aimia
CA00900Q1037

EXECUTION OF SUPPORT AGREEMENT WITH LARGEST PREFERRED SHAREHOLDER TO TENDER ITS PREFERRED SHARES

EXCHANGE OF PREFERRED SHARES FOR NOTES EXPECTED TO GENERATE ANNUAL CASH SAVINGS OF APPROXIMATELY $8 MILLION

TORONTO, Nov. 11, 2024 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the "Company") today announced that its Board of Directors has authorized the launch of a substantial issuer bid (the "Offer") pursuant to which Aimia will offer to purchase for cancellation up to 100% of its Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Shares"), Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares") and Cumulative Floating Rate Preferred Shares, Series 4 (the "Series 4 Shares" and collectively with the Series 1 Shares and the Series 3 Shares, the "Preferred Shares") in consideration for senior unsecured notes (the "Notes"). The Company further announces the execution of a support agreement (the "Support Agreement") with Phillips Hager and North ("PH&N"), the largest holder of Preferred Shares, to tender all of its 7.2 million Preferred Shares under the Offer.

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