Aeroplan Transaction

//Aeroplan Transaction
Aeroplan Transaction 2019-01-18T16:01:39+00:00
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Information posted in this section was accurate at the time of posting but may be superseded by subsequent news releases or circumstances.

MANAGEMENT INFORMATION CIRCULAR

December 6, 2018
Notice of Special Meeting of Shareholders and Management Information Circular
English | French

RELEASES

January 10, 2019

Aimia Announces Notice of Redemption for all of its 5.60% Senior Secured Notes Series 4 Due May 17, 2019

Montreal, January 10, 2019 – Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) (“Aimia”) today announced that, in connection with the completion of its sale to Air Canada of all of the issued and outstanding share capital of Aimia Canada Inc., the owner and operator of the Aeroplan loyalty program, it has issued a notice for the redemption prior to maturity of all of its outstanding $250,000,000 principal amount of 5.60% Senior Secured Notes Series 4 due May 17, 2019 (CUSIP 00900QAC7) (the “Series 4 Notes”). The redemption date as set forth in the notice of redemption is February 8, 2019 (the “Redemption Date”).
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January 8, 2019

Aimia’s Shareholders Approve Sale of Aimia Canada to Air Canada and Reduction of Stated Capital

Montreal, January 8, 2019 – Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) (“Aimia”) today announced that, at its special meeting of common and preferred shareholders (the “Meeting”)…
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December 20, 2018

ISS Recommends Aimia Shareholders Vote in Favour of Aeroplan Transaction and Stated Capital Reduction

Montreal, December 20, 2018 – Aimia Inc. (TSX: AIM) (“Aimia”) today announced that Institutional Shareholder Services (ISS), a leading provider of corporate governance and responsible investment solutions, has recommended that shareholders of Aimia Inc. vote FOR the Transaction Resolution regarding the proposed sale of Aimia Canada Inc., the owner and operator of the Aeroplan loyalty program, to Air Canada, and FOR the Stated Capital Reduction Resolution.  
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November 26, 2018

Aimia and Air Canada Enter into Definitive Agreement for Purchase of the Aeroplan Loyalty Business

  • Aeroplan loyalty business to be sold to Air Canada for all-cash purchase price of $450 million, with miles-related future redemption liabilities transferring to Air Canada at closing
  • Transaction subject to regulatory and shareholder approvals, with Aimia shareholder meeting to be held on January 8, 2019, and transaction expected to complete in January of 2019

Montreal, November 26, 2018 – Data-driven marketing and loyalty analytics company Aimia Inc. (TSX:AIM) (“Aimia”) today announced that it has entered into a definitive share purchase agreement (the “Agreement”) with Air Canada for the purchase by Air Canada of all of the issued and outstanding share capital of Aimia Canada Inc. (“Aimia Canada”), the owner and operator of the Aeroplan loyalty program, for an all-cash purchase price of $450 million on a cash-free, debt-free basis.
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 To view the agreement between Aimia Inc and Air Canada, please visit the following SEDAR link.

January 10, 2019

Aimia Completes Sale of Aimia Canada to Air Canada

Montreal, January 10, 2019 – Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) (“Aimia”) today announced the completion of the previously-announced sale of Aimia Canada Inc. (“Aimia Canada”), the owner and operator of the Aeroplan loyalty program, to Air Canada, pursuant to the share purchase agreement entered into and announced on November 26, 2018 (“the share purchase agreement”).  
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December 24, 2018

Sale by Aimia of Aimia Canada to Air Canada Clears Regulatory Requirements

Montreal, December 24, 2018 – Aimia Inc. (TSX: AIM) (“Aimia”) today announced that the sale by Aimia to Air Canada of all of the shares of Aimia Canada Inc., owner and operator of the Aeroplan loyalty program, pursuant to the share purchase agreement entered into by the parties on November 26, 2018, has cleared the applicable regulatory requirements with the issuance of a no action letter under the Competition Act (Canada).  
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December 18, 2018

Glass Lewis Recommends Aimia Shareholders Vote in Favour of Aeroplan Transaction and Stated Capital Reduction

Montreal, December 18, 2018 – Aimia Inc. (TSX: AIM) (“Aimia”) today announced that Glass Lewis, a leading independent proxy advisory firm, has recommended that shareholders of Aimia Inc. vote FOR the Transaction Resolution regarding the proposed sale of Aimia Canada Inc., the owner and operator of the Aeroplan loyalty program, to Air Canada, and FOR the Stated Capital Reduction Resolution.   
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August 21, 2018

Air Canada, TD, CIBC, Visa and Aimia Reach Agreement in Principle for Acquisition of Aeroplan Loyalty Business

  • Purchase price consists of $450 million in cash and the assumption of approximately $1.9 billion of Aeroplan Miles liability
  • Agreement in principle was unanimously approved by Aimia’s Board of Directors and is supported by Mittleman Brothers
  • Transaction would provide value for Aimia and its shareholders and continuity for Aeroplan members and customers of Air Canada, TD, CIBC and Visa
  • Transaction subject to negotiation of definitive agreements and other conditions; completion expected fall 2018

Toronto, August 21, 2018 – Air Canada, The Toronto-Dominion Bank (“TD”), Canadian Imperial Bank of Commerce (“CIBC”), Visa Canada Corporation (“Visa”) (collectively, “the Consortium”) and Aimia Inc. (“Aimia”) announced today that they have entered into an agreement in principle for the acquisition of Aimia’s Aeroplan loyalty business.   
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