Aimia Inc T.AIM.PR.D

Use of PLM proceeds

[nozzpack]

Use of Proceeds:

 

• Aimia intends to utilize the majority of the proceeds from the PLM transaction to pursue the acquisition of majority or significant minority stakes, in one or more cash generating businesses operating in either the U.S. or Canada, which will ideally utilize the company's sizeable net operating tax losses.
• Aimia intends to allocate up to $75 million of the net proceeds towards a combination of opportunistic share buybacks and/or a tax-efficient special dividend to common shareholders.
• The company's intent is to utilize a combination of its current NCIB, plus its subsequent anticipated renewal (subject to the Toronto Stock Exchange acceptance), to enable total buybacks of up to 14 million common shares.
• The final amount of the net proceeds from the PLM transaction that could ultimately be allocated to share buybacks and/or tax-efficient special dividend to common shareholders will be subject, upon receipt of such proceeds, to the then applicable market conditions, investment opportunities and other relevant facto