- Act Now. Vote Today. Deadline is 10:30
AM (Toronto time) on
Monday, June 24, 2024
- Need help voting or have questions? Call Kingsdale Advisors on
1-800-495-6389 (North
America toll free); text or call 1-647-251-9706
(outside North America); or
email contactus@kingsdaleadvisors.com
TORONTO, June 14, 2024 /CNW/ - Aimia Inc. (TSX: AIM) ("the
Company") is pleased to announce that Institutional
Shareholder Services ("ISS") has recommended shareholders to Vote
FOR all management nominees to the Board of Directors (the "Board")
at the Company's Annual General Meeting of Shareholders (the
"Meeting") slated for June 26,
2024.
ISS is a leading independent proxy voting and
corporate governance advisory firm whose recommendations influence
how pension funds, investment managers, mutual funds, and other
institutional shareholders vote.
In its report, ISS stated that the Company has
demonstrated "stewardship of investors' interests" concerning
executive compensation along with a clearly defined strategy that
includes shareholder feedback. It also highlighted that
"considerable changes" were made to the Board to better align the
interests of shareholders and non-employee directors and no further
change is needed.
The report from ISS further recommended that
Aimia shareholders DO NOT VOTE on the dissident GOLD proxy card for
Mithaq Capital SPC ("Mithaq") nominees as the dissident did not
provide a case for change.
Aimia remains fully committed to acting in the
best interests of its shareholders and rejects Mithaq's recent
baseless allegations and reiterates its unwavering dedication to
creating sustainable long-term value for all shareholders and to
upholding the highest standards of corporate governance.
The Meeting will be conducted by an independent
chair advised by independent counsel. If the Meeting becomes a
"contested meeting" (which occurs where there is more than one
candidate nominated for each position available on the Board), any
votes that are cast "AGAINST" any nominee director on the Company's
form of proxy will be treated as "WITHHOLD" votes for purposes of
tabulating the votes at the Meeting in accordance with the Canada
Business Corporation Act and its regulations."
VOTE TODAY
Don't Delay. Shareholders are encouraged to
vote FOR the ALL Aimia's nominees well in advance of the
10:30 AM (Toronto time) deadline on Monday, June 24, 2024.
The Management Information Circular (the
"Circular") and related materials for the Meeting are available
under the Company's profile on SEDAR+ at www.sedarplus.ca.
Shareholder Questions and Assistance
If you have any questions or need assistance
voting, contact Kingsdale: Call 1-800-495-6389 (North America toll free); text or call
1-647-251-9706 (outside North
America); or email
contactus@kingsdaleadvisors.com.
About Aimia
Aimia Inc. (TSX: AIM) is a diversified company focused on
unlocking the growth potential of its two global businesses,
Bozzetto, a sustainable specialty chemicals company, and Cortland
International, a rope and netting solutions company. Headquartered
in Toronto, Aimia's priorities
include monetizing its non-core investments, returning capital to
its shareholders, and efficiently utilizing its loss carry-forwards
to create shareholder value.
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. In some cases,
forward- looking statements are typically identified by the use of
terms such as "expects" and "expected". Forward-looking statements
in this press release include, but are not limited to, statements
with respect to the Meeting.
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 statements will not occur and
actual results may differ materially from those that are disclosed
in or implied by forward-looking statements. 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 Discussion and Analysis and
Annual Information Form, each of which have been or will be filed
on SEDAR+ and can be accessed at www.sedarplus.ca. 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 assumes 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.