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Aimia Inc (AIM.TO)

AIM.TO on Toronto Stock Exchange

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23 May 2018
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Latest Key Developments (Source: Significant Developments)

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

Aimia qtrly adjusted net earnings per common share C$0.11​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Aimia Inc ::Aimia reports third quarter 2017 results.Aimia Inc - qtrly ‍total revenue C$452.1 million versus C$503.6 million​.Qtrly adjusted net earnings per common share C$0.11​.Aimia Inc - qtrly ‍loss per common share C$0.26​.Aimia Inc - sees 2017 adjusted EBITDA margin for core business to be around 13.0 percent​.Aimia Inc - ‍business simplification on track to deliver annualized savings of $70 million from 2019, with expected savings of around $9 million in Q4 of 2017​.Aimia Inc says ‍costs and cash expense related to previously identified restructuring actions are expected to be between $20 million and $25 million in 2017​.  Full Article

Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million
Friday, 25 Aug 2017 

Aug 25 (Reuters) - Aimia Inc ::Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million.Aimia - co transfers air miles trademarks, license, royalty agreements for Canada to diversified royalty for a cash consideration of about $53.75 million​.Aimia - ‍additional contingent consideration, up to maximum of about $13.75 million, may be paid within next three years, based on performance of program​.Aimia Inc - ‍expects to pay cash taxes related to sale of these trademarks in 2018 of between $13 million and $16 million​.  Full Article

Aimia reports Q2 loss per share $0.19
Wednesday, 9 Aug 2017 

Aug 10 (Reuters) - Aimia Inc -:Aimia reports second quarter 2017 results.Aimia Inc- ‍2017 guidance maintained​.Qtrly gross billings of $520.3 million, down 6.3% on a constant currency basis including impact of divestitures.Qtrly ‍total revenue $470.5 million versus $525.4 million​.Aimia Inc - mark grafton will be appointed chief financial officer of Aimia Inc. With effect from September 2017.Qtrly loss per share $0.19; qtrly adjusted earnings per share $0.17‍​.Aimia Inc - company's ongoing process to simplify business will result in a further streamlining of business into two operating divisions.Q2 earnings per share view c$0.16, revenue view c$487.0 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view c$0.88, revenue view c$2.15 billion -- Thomson Reuters I/B/E/S.Aimia Inc says streamlining change is expected to result in a significant reduction in divisional overheads and corporate costs.  Full Article

Aimia suspends payment of all dividends on both outstanding shares​
Wednesday, 14 Jun 2017 

June 14 (Reuters) - Aimia Inc ::Aimia provides update on dividends.Aimia Inc ‍board of directors has suspended payment of all dividends on both its outstanding common shares​.Aimia Inc - ‍board of directors has also suspended payment of dividends on its series 1, series 2 and series 3 cumulative rate reset preferred shares​.Aimia Inc - ‍has been in active discussions with various parties with a view to securing new long-term commercial and strategic relationships post-2020​.Aimia Inc - ‍also making progress on its plan to remove a further $70 million of costs from company through its business review​.  Full Article

Aimia CFO Tor Lonnum leaving company in september
Friday, 9 Jun 2017 

June 8 (Reuters) - Aimia Inc ::Aimia CFO Tor Lønnum leaving company in September.Appointed Aimia director Roman Doroniuk to act as interim cfo, effective september 5, while a successor is sought.  Full Article

PRESS DIGEST- Canada- May 9

May 9 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.