Bullboard - Stock Discussion Forum Aimia Inc T.AIM

Alternate Symbol(s): T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

Chemicals Specialty Chemicals

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets... see more

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Aimia Inc > NCIB

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Post by Growthnvalue on May 30, 2024 8:42am

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.

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