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Aimia Inc (AIM.TO)

AIM.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aimia Announces New Strategy As Consolidator In Loyalty And Travel
Thursday, 28 Mar 2019 

March 28 (Reuters) - Aimia Inc ::AIMIA ANNOUNCES NEW STRATEGY AS CONSOLIDATOR IN LOYALTY AND TRAVEL.AIMIA INC - ANNOUNCES BOARD APPROVAL OF SUBSTANTIAL ISSUER BID TO REPURCHASE UP TO $150 MILLION OF ITS OUTSTANDING COMMON SHARES.AIMIA INC - INTENDS TO PURSUE INITIAL BOLT-ON, EBITDA-ACCRETIVE ACQUISITIONS IN LOYALTY SOLUTIONS SPACE.AIMIA INC - TARGETING A LIMITED NUMBER OF ADDITIONAL SUB-SECTORS WITHIN LOYALTY OR TRAVEL FOR CONSOLIDATION.AIMIA INC - WILLIAM MCEWAN ASSUMES ROLE OF CHAIRMAN OF BOARD OF DIRECTORS.AIMIA INC - STEVEN LEONARD APPOINTED CHIEF FINANCIAL OFFICER.AIMIA - CHAIRMAN ROBERT BROWN INFORMED CO OF HIS DECISION TO RETIRE FROM BOARD.AIMIA INC - MARK GRAFTON, CURRENTLY CHIEF FINANCIAL OFFICER, WILL BE LEAVING COMPANY.AIMIA INC - OPERATING EXPENSE EXPECTED TO REDUCE FURTHER IN 2019 AS RESULT OF INITIATIVES CURRENTLY UNDERWAY TO STREAMLINE CO'S OPERATING SYSTEMS.AIMIA INC - CO EXPECTS TO FORMALLY COMMENCE SIB BY MID-APRIL 2019 WITH EXPIRY DATE OCCURRING BEFORE END OF MAY 2019.AIMIA - INTENDS TO RECOMMEND REDUCTION IN SIZE OF BOARD.AIMIA INC - EXPECTS TO FORMALLY COMMENCE SIB BY MID-APRIL 2019 WITH AN EXPIRY DATE OCCURRING BEFORE END OF MAY 2019.AIMIA INC - OPERATING EXPENSE IS EXPECTED TO REDUCE FURTHER IN 2019.  Full Article

Aimia QTRLY Loss Per Share From Continuing Operations $0.98
Thursday, 28 Mar 2019 

March 28 (Reuters) - Aimia Inc ::AIMIA REPORTS FOURTH QUARTER 2018 RESULTS.SAYS CUTTING WORKFORCE BY ABOUT 25 PERCENT.TOTAL AIMIA HEADCOUNT SHOULD REDUCE BY APPROXIMATELY 25% TO AROUND 550 BY END OF 2019.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.98.QTRLY ADJUSTED LOSS PER SHARE FROM CONTINUING OPERATIONS $0.51.AIMIA - QTRLY TOTAL REVENUE FROM CONTINUING OPERATIONS $36.8 MILLION VERSUS $47.3 MILLION.QTRLY GROSS BILLINGS WERE $52.4 MILLION, DOWN 3.0%.TOTAL HEADCOUNT WAS 1,486 AT DECEMBER 31, 2018, DOWN BY AROUND 25% COMPARED TO DECEMBER 31, 2017.AIMIA - AFTER ACCOUNTING FOR TRANSFER OF EMPLOYEES TO AIR CANADA, CO'S EMPLOYEE HEADCOUNT STOOD AT ABOUT 750 & SINCE FURTHER REDUCED TO ABOUT 640 AT FEB-END.  Full Article

Aimia's Shareholders Approve Sale Of Aimia Canada To Air Canada, Reduction Of Stated Capital
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Aimia Inc ::AIMIA'S SHAREHOLDERS APPROVE SALE OF AIMIA CANADA TO AIR CANADA AND REDUCTION OF STATED CAPITAL.AIMIA INC - AIMIA EXPECTS TRANSACTION TO CLOSE IN COMING DAYS.AIMIA INC - RESOLUTION REGARDING TRANSACTION WAS APPROVED BY HOLDERS REPRESENTING 96% OF CO'S SHARES.AIMIA - DEAL APPROVED BY HOLDERS REPRESENTING 78% OF CO'S SHARES WHO VOTED ON RESOLUTION REGARDING STATED CAPITAL REDUCTION.  Full Article

Aimia And Air Canada Enter Agreement For Purchase Of Aeroplan Loyalty Business
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Aimia Inc ::AIMIA AND AIR CANADA ENTER INTO DEFINITIVE AGREEMENT FOR PURCHASE OF THE AEROPLAN LOYALTY BUSINESS.AIMIA AND AIR CANADA ENTER INTO DEFINITIVE AGREEMENT FOR PURCHASE OF THE AEROPLAN LOYALTY BUSINESS.AIMIA INC - AEROPLAN LOYALTY BUSINESS TO BE SOLD TO AIR CANADA FOR ALL-CASH PURCHASE PRICE OF $450 MILLION.  Full Article

LXRandco Announces Upcoming Management Change
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - LXRandCo Inc ::LXRANDCO ANNOUNCES UPCOMING MANAGEMENT CHANGE.LXRANDCO INC - EFFECTIVE NOVEMBER 22, 2018, AUDREY LARA WILL BE LEAVING HER POSITION AS CHIEF FINANCIAL OFFICER.LXRANDCO INC - LARA'S DEPARTURE DATE WILL ALLOW HER TO REMAIN WITH COMPANY THROUGH COMPLETION OF ITS Q3 2018 FINANCIAL REPORTING PROCESS.LXRANDCO INC - NADINE EAP, CPA, CA, CURRENTLY CORPORATE CONTROLLER AT CO, WILL ASSUME ROLE OF INTERIM CHIEF FINANCIAL OFFICER UPON LARA'S DEPARTURE.LXRANDCO INC - PRIOR TO JOINING LXRANDCO, NADINE EAP WAS FINANCE MANAGER AT AIMIA INC.LXRANDCO INC - WITH COMPLETION OF Q3 FINANCIAL REPORTING PROCESS, EXPECTS TO HAVECOMPLETED PREVIOUSLY ANNOUNCED RESTATEMENT OF FINANCIAL STATEMENTS.  Full Article

Aimia Announces Departure Of David Johnston
Friday, 27 Apr 2018 

April 27 (Reuters) - Aimia Inc ::AIMIA ANNOUNCES DEPARTURE OF DAVID JOHNSTON.GROUP CHIEF EXECUTIVE TO LEAVE COMPANY ON APPOINTMENT OF SUCCESSOR.BOARD OF DIRECTORS AND GROUP CHIEF EXECUTIVE DAVID JOHNSTON HAVE MUTUALLY AGREED ON HIS DEPARTURE FROM COMPANY.BOARD OF DIRECTORS HAS BEEN ENGAGED IN A PROCESS TO IDENTIFY A SUCCESSOR.  Full Article

Aimia Says Qtrly Adjusted Net Earnings Per Common Share From Continuing Operations $0.25
Friday, 27 Apr 2018 

April 27 (Reuters) - Aimia Inc ::AIMIA REPORTS STRONG FIRST QUARTER 2018 RESULTS.Q1 REVENUE C$406 MILLION.REAFFIRMS 2018 GUIDANCE.QTRLY EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.06.ON TRACK TO ACHIEVE $70 MILLION COST SAVINGS TARGET IN 2019.QTRLY ADJUSTED NET EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS $0.25.COMPANY BELIEVES THAT IT WILL NOT BE IN A POSITION TO DECLARE OR PAY DIVIDENDS IN 2018.  Full Article

22Nw Fund Issued Statement Regarding Aimia's Upcoming Annual General Meeting Of Shareholders To Elect Aimia's Board
Friday, 13 Apr 2018 

April 13 (Reuters) - Aimia Inc ::ISSUED STATEMENT REGARDING AIMIA'S UPCOMING ANNUAL GENERAL MEETING OF SHAREHOLDERS TO ELECT AIMIA'S BOARD.INTENDS TO WITHHOLD VOTES FOR ALL LEGACY BOARD MEMBERS AT UPCOMING ANNUAL GENERAL MEETING.OWNS ABOUT 3 PERCENT OF AIMIA.SAYS "WE BELIEVE SHARES OF AIMIA ARE SIGNIFICANTLY UNDERVALUED".  Full Article

Aimia Reports Q4 Loss Per Share From Continuing Operations $0.43
Thursday, 15 Feb 2018 

Feb 14 (Reuters) - Aimia Inc ::AIMIA REPORTS FOURTH QUARTER 2017 RESULTS.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.43.‍COMPANY BELIEVES THAT IT WILL NOT BE IN A POSITION TO DECLARE OR PAY DIVIDENDS IN 2018.​.‍AIMIA IS PROVIDING GUIDANCE FOR YEAR ENDING DECEMBER 31, 2018 FOR COALITIONS GROSS BILLINGS TO BE AROUND $1.3 BILLION​.SEES 2018 COALITIONS ADJUSTED EBITDA MARGIN ABOVE 18%‍​.QTRLY TOTAL REVENUE $398.6 MILLION VERSUS $440.1 MILLION.Q4 EARNINGS PER SHARE VIEW C$0.41, REVENUE VIEW C$661.9 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Aimia Sells Nectar Business To Sainsbury's
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Aimia Inc ::PRESS RELEASE - AIMIA SELLS NECTAR BUSINESS TO SAINSBURY'S.‍DEAL FOR A GROSS CONSIDERATION OF APPROXIMATELY $105 MILLION (OR £60 MILLION).AGREEMENT ALSO PROVIDES FOR TRANSFER TO SAINSBURY'S OF APPROXIMATELY $183 MILLION (£105 MILLION) OF CASH.CO WILL CONTINUE TO DELIVER CUSTOMER INSIGHTS AND DATA ANALYTICS PLATFORMS TO CUSTOMERS OUTSIDE U.K..‍AGREEMENT ALSO PROVIDES FOR TRANSFER TO SAINSBURY'S OF ABT $183 MILLION (£105 MILLION) OF CASH PROVIDING COVERAGE AGAINST NECTAR REDEMPTION LIABILITY​.AFTER CONSENT OF LENDERS, CO REDUCED OVERALL DEBT LEVEL WITH A $100 MILLION REPAYMENT MADE AT CLOSING.AIMIA - IMPACT OF DEAL TO HAVE POSITIVE IMPACT ON CO'S NET CASH POSITION PRIOR TO REPAYMENT OF $100 MILLION UNDER CREDIT FACILITY.DEAL IS ALSO SUBJECT TO CUSTOMARY WORKING CAPITAL ADJUSTMENTS, WITH NET WORKING CAPITAL PAID TO SAINSBURY'S AT CLOSING OF ABOUT $96 MILLION.IN ADDITION, AIMIA HAS AGREED TO CERTAIN AMENDMENTS TO CREDIT AGREEMENT.ALSO OBTAINED CONSENT OF ITS LENDERS, AS REQUIRED FOR RELEASE OF ONE OF CO'S UNIT GUARANTORS UNDER ITS SENIOR CREDIT AGREEMENT.  Full Article

PRESS DIGEST- Canada- March 29

March 29 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.