Aimia Defers Filing of Q2 Financial Statements,
09:05 AM EDT, 07/29/2020 (MT Newswires) -- Aimia (AIM.TO) said Wednesday it will delay the filing of its interim financial statements and related management discussion and analysis for the six month period ended June 30, 2020. In a statement the company said this comes on the back of continued focus on managing the business amid the COVID-19 pandemic, as well as its ongoing efforts to realign its financial reporting following multiple transformative transactions in the quarter. The filings were originally due August 14, 2020, but the company will rely on the blanket relief provided by the Canadian Securities Administrators (CSA). This provides for up to a 45-day extension for periodic filings expected on or before August 31, 2020, and will release the quarterly filings no later than September 28, 2020. The company will also be relying on the blanket relief provided by the CSA in respect of the filing of the Business Acquisition Report (BAR), which would otherwise be due on September 1, 2020 and is now expected to be filed no later than October 16, 2020. The BAR relates to the merger of Aimia's Loyalty Solutions business with Kognitiv Corporation which closed on June 18, 2020.