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