TORONTO, April 18,
2023 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the
"Company") announces that all but one of the nominees
listed in the management information circular dated March 15, 2023 were elected as directors of
Aimia at the Annual Meeting ("AGM") held today.
Each of the nominees proposed
by management except Mr. David
Rosenkrantz received the approval of
the majority of the votes cast and was therefore elected to
the board of directors of Aimia ("Board").
Despite Aimia's concerns about (a) undisclosed joint actor
conduct on the part of the Company's largest shareholder, Mithaq
Capital SPC ("Mithaq"), and others, and (b) the receipt by Mithaq
and others of confidential information from a former insider of the
Company, the votes cast by Mithaq and its joint actors against the
Board's nominees have been included in the final tally.
The eligibility of these votes and the subsequent totals for
each Director will be subject to the outcome of the ongoing
regulatory and legal proceedings and the investigation into
irregularities regarding the acquisition and voting of
shares. Except for these votes, Mr. Rosenkrantz would also
have received a majority of the votes cast and would have remained
in his position as the Chairman of the Board.
At the request of the Board, and pursuant to the operation of
the Canada Business Corporations Act, R.S.C.,
1985, c. C-44, Mr. Rosenkrantz will remain a member of the Board
until up to the 90th day after the day of the AGM to
allow the ongoing regulatory and legal proceedings to be
completed.
The Company is taking all reasonable steps to protect the
integrity of its AGM and to ensure compliance with securities
laws.
Voting results on all matters voted on at the AGM will be
published shortly on www.aimia.com, and filed with the Canadian
securities regulators.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company with a focus on
making long-term investments in public and private companies, on a
global basis, through controlling or minority stakes. The company
owns a portfolio of investments which include: 100% ownership of
Tufropes, a global leader in the manufacturing of high-performance
synthetic fiber ropes and netting solutions for global aquaculture,
maritime, and other various industrial customers, a 10.85% stake in
Clear Media Limited, one of the largest outdoor advertising firms
in China, a 48.8% equity stake in
Kognitiv, a B2B company enabling global brands to redefine loyalty
with solutions for multi-enterprise collaboration, a 11.8% equity
stake in TRADE X, a global B2B cross-border automotive trading
platform. Subject to transaction closing, Aimia's investment
portfolio will also include Bozzetto Group, one of the world's
largest ESG-focused providers of specialty sustainable
chemicals.
For more information about Aimia, visit www.aimia.com.
Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking information" within the meaning of Canadian
securities laws ("forward-looking statements"), which are based
upon our current expectations, estimates, projections, assumptions
and beliefs. All information that is not clearly historical in
nature may constitute forward-looking statements. Forward-looking
statements are typically identified by the use of terms such
phrases such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "project", "will",
"would" and "should", and similar terms and phrases, including
references to assumptions.
Forward-looking statements in this press release include, but
are not limited to, statements with respect to the outcome of the
concerns raised with the regulatory authority and findings
resulting from the injunction granted by the Ontario Superior Court
of Justice. Forward-looking statements, by their nature, are based
on assumptions and are subject to known and unknown risks and
uncertainties, both general and specific, that contribute to the
possibility that the forward-looking statement will not occur. The
forward-looking statements in this press release speak only as of
the date hereof and reflect several material factors, expectations
and assumptions. Undue reliance should not be placed on any
predictions or forward-looking statements as these may be affected
by, among other things, changing external events and general
uncertainties of the business. A discussion of the material risks
applicable to us can be found in our current Management's
Discussion and Analysis and Annual Information Form, each of which
have been or will be filed on SEDAR and can be accessed at
www.sedar.com. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they
are made and we disclaim any intention and assume no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
SOURCE Aimia Inc.