• Wednesday, 26 June 2019

Aimia's Shareholders Approve Sale of Aimia Canada to Air Canada and Reduction of Stated Capital


Jan 12, 2019 (5 months ago) |
MONTREAL: Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) (Aimia) today announced that, at its special meeting of common and preferred shareholders (the Meeting), shareholders voted to approve the two special resolutions previously announced regarding:
the sale to Air Canada of all of the issued and outstanding share capital of Aimia Canada Inc. (Aimia Canada), the owner and operator of the Aeroplan loyalty program (the Transaction); and
the reduction of the stated capital of Aimia's common shares to an aggregate amount of not less than $1,000,000 pursuant to subsection 38(1) of the Canada Business Corporations Act (the Stated Capital Reduction).

The resolution regarding the Transaction was approved by holders representing 96% of Aimia's common shares and preferred shares who voted on the Transaction on a combined basis and the resolution regarding the Stated Capital Reduction was approved by holders representing 78% of Aimia's common shares who voted on the resolution regarding the Stated Capital Reduction. Final voting results of the Meeting will be filed with the Canadian securities regulators at www.SEDAR.com.

With all regulatory and shareholder approvals now having been obtained, Aimia expects the Transaction to close in the coming days.

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Aimia's Shareholders Approve Sale of Aimia Canada to Air Canada and Reduction of Stated Capital

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