MONTREAL, May 10, 2017 /CNW Telbec/ - Aimia Inc. (TSX: AIM)
announced today that it has received approval from the Toronto Stock Exchange respecting the renewal of its normal course issuer
bid to purchase for cancellation up to 12,996,232 of its common shares, or 10% of the public float of 129,962,321 common shares
as at May 9, 2017, through the facilities of the Toronto Stock Exchange and through alternative
trading systems (such as Alpha ATS), or by other means as may be permitted by the TSX, such as prearranged crosses, exempt offers
and block purchases, during the period from May 23, 2017 to no later than May 22, 2018. Aimia may also purchase common shares for cancellation by way of private agreements under an
issuer bid exemption order issued by a securities regulatory authority. Purchases made on the open market through the facilities
of the TSX and alternative trading systems will be at the prevailing market price at the time of acquisition. Purchases made by
way of private agreements under an issuer bid exemption order issued by a securities regulatory authority will be at a discount
to the prevailing market price as provided in the exemption order. As at May 9, 2017 there were
152,307,196 common shares issued and outstanding.
The average daily trading volume on the Toronto Stock Exchange for the past six months was 284,506 common shares. Under the
regulations of the Toronto Stock Exchange, a maximum daily repurchase of 25% of this average may be made, representing 71,126
common shares. In addition, Aimia may make, once per week, a block purchase (as such term is defined in the TSX Company Manual)
of common shares not directly or indirectly owned by insiders of Aimia, in accordance with the regulations of the Toronto Stock
Exchange. The common shares purchased pursuant to the normal course issuer bid will be cancelled.
It is possible that the market price of the common shares may be undervalued at certain times throughout the duration of the
normal course issuer bid, and Aimia believes that the purchase of common shares at such times may be an appropriate use of
capital in order to increase shareholder value.
From May 20, 2016 to May 9, 2017, Aimia did not purchase any of
its common shares pursuant to its current normal course issuer bid.
About Aimia
Aimia Inc. (TSX: AIM) is a data-driven marketing and loyalty analytics company. We provide our clients with the customer
insights they need to make smarter business decisions and build relevant, rewarding and long-term one-to-one relationships,
evolving the value exchange to the mutual benefit of both our clients and consumers.
With about 2,300 employees across 15 countries, Aimia partners with groups of companies (coalitions) and individual companies
to help generate, collect and analyze customer data and build actionable insights.
We do this through our own coalition loyalty programs such as Aeroplan in Canada, Nectar in
the U.K., and Air Miles Middle East, and through provision of loyalty strategy, program development, implementation and
management services underpinned by leading products and technology platforms such as the Aimia Loyalty Platform – Enterprise and
Aimia Loyalty Platform – SaaS, and through our analytics and insights business, including Intelligent Shopper Solutions. In other
markets, we own stakes in loyalty programs, such as Club Premier in Mexico and Think Big, a
partnership with Air Asia and Tune Group. Our clients are diverse, and we have industry-leading expertise in the fast-moving
consumer goods, retail, financial services, and travel and airline industries globally to deliver against their unique needs.
For a full list of our partnerships and investments, and more information about Aimia, visit www.aimia.com.
Forward-Looking Statements
Forward-looking statements are included in this news release. These forward-looking statements are typically identified by the
use of terms such as "outlook", "guidance", "target", "forecast", "assumption" and other similar expressions or future or
conditional terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project",
"will", "would", and "should". Such statements may involve but are not limited to comments with respect to strategies,
expectations, planned operations or future actions.
Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties.
Any forecasts, predictions or forward-looking statements cannot be relied upon due to, among other things, changing external
events and general uncertainties of the business and its corporate structure. Results indicated in forward-looking statements may
differ materially from actual results for a number of reasons, including without limitation, dependency on Significant
Accumulation Partners and clients, failure to safeguard databases, cyber security and consumer privacy, reliance on Redemption
Partners, conflicts of interest, greater than expected redemptions for rewards, regulatory matters, retail market/economic
conditions, industry competition, Air Canada liquidity issues or air travel industry disruptions, airline industry changes and
increased airline costs, supply and capacity costs, unfunded future redemption costs, changes to coalition loyalty programs,
seasonal nature of the business, other factors and prior performance, foreign operations, legal proceedings, reliance on key
personnel, labour relations, pension liability, technological disruptions, inability to use third-party software and outsourcing,
failure to protect intellectual property rights, interest rate and currency fluctuations (including currency risk on our foreign
operations which are denominated in a currency other than the Canadian dollar, mainly the pound sterling, and subject to
fluctuations as a result of foreign exchange rate variations), leverage and restrictive covenants in current and future
indebtedness, uncertainty of dividend payments, managing growth, credit ratings, audit by tax authorities, as well as the other
factors identified throughout Aimia's public disclosure records on file with the Canadian securities regulatory authorities.
The forward-looking statements contained herein represent Aimia's expectations as of the date hereof and are subject to change
after such date. However, Aimia disclaims any intention or obligation to update or revise any forward-looking statements whether
as a result of new information, future events or otherwise, except as required under applicable securities regulations.
SOURCE AIMIA
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