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Aimia announces intention to renew normal course issuer bid
AIMIA INC.
(Incorporated in Canada)
(Corporation number: 1563505-5)
TSX share code: AIM JSE share code: AII
ISIN: CA00900Q1037
LEI: 5299005QK3KSTUZ66Y90
("Aimia" or "the Company")
AIMIA ANNOUNCES INTENTION TO RENEW NORMAL COURSE ISSUER BID
Toronto – May 14, 2026 – Aimia Inc. (TSX: AIM; JSE:AII) announced today that its Board of
Directors has authorized the renewal of its Normal Course Issue Bid ("NCIB") to purchase for
cancellation up to 10% of its public float of common shares or approximately five million common
shares, subject to the approval of the Toronto Stock Exchange ("TSX").
Aimia's decision to renew its NCIB is consistent with its priority to narrow the discount of its share
price relative to the intrinsic value of its net assets.
Subject to the approval of the TSX, it is expected that the NCIB will be renewed on or about June
6, 2026 and will end on June 5, 2027, at the latest.
Purchases made on the open market through the facilities of the TSX and alternative Canadian
trading systems will be made at the prevailing market price at the time of purchase. Aimia may also
purchase common shares for cancellation pursuant to exemption orders from applicable securities
regulatory authorities, and such purchases will be at a discount to the prevailing market price.
As at April 30, 2026 Aimia had 88,790,285 issued and outstanding common shares.
The Company's public float for determining the number of shares available for purchase and
cancellation (excluding shares held by insiders), pending TSX approval, was estimated at
50.5 million common shares as at April 30, 2026. Aimia will only make purchases under the NCIB
once all regulatory approvals are obtained.
Aimia will retain discretion whether to make purchases under the NCIB, and to determine the
timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX
and other regulatory requirements. However, Aimia intends to enter into a pre-defined plan (the
"Plan") with its broker to allow for the repurchase of common shares at times when Aimia
ordinarily would not be active in the market due to its pre-scheduled blackout periods. The Plan
will be adopted in accordance with applicable laws and is subject to the approval of the TSX.
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 capital. Aimia believes it is in its best
interest of shareholders to proceed with the NCIB given that its availability liquidity is sufficient
to execute on the Company's future strategic direction and capital allocation priorities.
About Aimia
Aimia Inc. (TSX: AIM; JSE: AII) is a diversified conglomerate focused on enhancing the value of
its holdings. Headquartered in Toronto, Aimia's priorities include increasing its intrinsic value,
reducing holding company costs, reducing the discount of its share price to the intrinsic value of its
businesses, and redeploying capital to make investments in undervalued companies.
For more information about Aimia, visit www.aimia.com.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking information" within the
meaning of Canadian securities laws ("forward-looking statements"), which are based upon our
current expectations, estimates, projections, assumptions and beliefs. All information that is not
clearly historical in nature may constitute forward-looking statements. In some cases, forward-
looking statements are typically identified by the use of terms such as "expects" and "expected".
Forward-looking statements in this press release include, but are not limited to, statements with
respect to the approval of the NCIB by the TSX, the timing and size of the NCIB, the number of
common shares that can be purchased under the NCIB, Aimia's current and future plans,
expectations and intentions with respect to the NCIB and the approval by the TSX.
Forward-looking statements, by their nature, are based on assumptions and are subject to known
and unknown risks and uncertainties, both general and specific, that contribute to the possibility
that the forward-looking statement will not occur. The forward-looking statements in this press
release speak only as of the date hereof and reflect several material factors, expectations and
assumptions. Undue reliance should not be placed on any predictions or forward-looking statements
as these may be affected by, among other things, changing external events and general uncertainties
of the business. A discussion of the material risks applicable to us can be found in our current
Management Discussion and Analysis and Annual Information Form, each of which have been or
will be filed on SEDAR+ and can be accessed at www.sedarplus.ca. Except as required by
applicable securities laws, forward-looking statements speak only as of the date on which they are
made and we disclaim any intention and assumes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Joe Racanelli
Vice President, Investor Relations
647 970 2200
Joseph.Racanelli@aimia.com
Aimia has a primary listing on the Toronto Stock Exchange and a secondary listing on the Main
Board of the JSE.
14 May 2026
JSE sponsor
Java Capital
Date: 14-05-2026 01:00:00
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