NCIB This company becomes more of a recurring nightmare with each press release. They are moving forward with the NCIB of up to 7 million shares over the next 12 months. They write, "Aimia’s decision to approve the NCIB is consistent with its priorities announced on May 15, 2024, and reflective of the Company’s commitment to return capital to shareholders." That would be all well and good had they not just issued 5 million shares to Paladin two days after announcing those very same priorities.
How do regulators not step in here? There was no dire need to fast-track the termination of the agreement with Paladin and issue them shares. It was yet another entrenchment act to get shares in the hands of current board-friendly shareholders prior to the upcoming AGM. Disgraceful.