AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR JUNE
AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR JUNE |
| [02-July-2026] |
TORONTO, July 2, 2026 /CNW/ - Aimia Inc. (TSX: AIM) (JSE: AII) announced today that it repurchased and settled for cancellation a total of 165,400 of its common shares in the month of June 2026 under the Company's normal course issuer bid program ("NCIB"). The total represents 0.19% of Aimia's 88,400,485 common shares outstanding as at June 30, 2026. Aimia's NCIB is a component of the Company's strategy for enhancing shareholder value and reducing the discount of its share price relative to the intrinsic value of its net assets. Shares repurchased in June were at a weighted-average price of $2.79 per common share for a total settlement of $461,373 excluding brokerage fees. Through June 30, 2026, Aimia has repurchased and cancelled 10,000,832 common shares since it first announced its share buyback initiative on June 4, 20241. On June 4, 2026 Aimia announced the renewal of its NCIB through June 7, 2027 with approval to purchase for cancellation up to 5,012,419 of its common shares.
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 funds. Therefore, Aimia believes that it is in its best interest to proceed with this NCIB, while maintaining sufficient financial flexibility to execute on the Company's future strategic direction and capital allocation priorities.
For more information about Aimia, visit www.aimia.com SOURCE Aimia Inc. | ||||
Company Codes: Toronto:AIM,Johannesburg:AII |
