Mithaq Capital ups stake and becomes largest shareholder in Aimia

Photo of author

By CPE News

CPE News (4.4.2022) – Mithaq Capital SPC has acquired 1,188,321 common shares of Aimia Inc. (TSX: AIM) through the facilities of the Toronto Stock Exchange on March 30, 2022 at an average price of C$5.19 per Common Share, for a total purchase price of CDN $6,162,623.

As a result, Mithaq Capital has ownership of, or exercises control or direction over, a total of 9,409,200 common shares, representing approximately 10.17% of the issued and outstanding common shares. Mithaq Capital becomes the largest and only shareholder with 10% plus stake in Aimia.

Riyadh, Saudi Arabia based Mithaq Capital is a Cayman Islands company controlled by Turki Saleh A. AlRajhi.

Toronto base Aimia owns a portfolio of investments which include: a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V. (PLM), owner and operator of Club Premier, the coalition loyalty program in Mexico that operates the Aeromexico Frequent Flyer program, a 10.85% stake in Clear Media Limited, one of the largest outdoor advertising firms in China, a 48.9% equity stake in Kognitiv, a B2B technology company enabling collaborative commerce, a 12.2% equity stake in TRADE X, a global B2B cross-border automotive trading platform as well as a wholly owned investment advisory business, Mittleman Investment Management, LLC.

photo credit: Aimia

PRESS RELEASE FOR IMMEDIATE RELEASE

Mithaq Capital SPC Files Early Warning Report in Respect of Acquisition of Common Shares of Aimia Inc.

Toronto, Ontario – April 4 , 2022 – Mithaq Capital SPC (“Mithaq”), announces that it acquired 1,188,321 common shares (“Common Shares”) of Aimia Inc. (“Aimia”) through the facilities of the Toronto Stock Exchange on March 30, 2022 at an average price of C$5.19 per Common Share, for a total purchase price of C$6,162,623. As a result, Mithaq has ownership of, or exercises control or direction over, a total of 9,409,200 Common Shares, representing approximately 10.17% of the issued and outstanding Common Shares.

Immediately prior to the acquisition of the Common Shares described above, Mithaq had ownership of, or exercised control or direction over, a total of 8,220,879 Common Shares, representing approximately 8.89% of the issued and outstanding Common Shares.

The Common Shares were acquired by Mithaq for long-term investment purposes. Mithaq may from time to time in the future increase or decrease its direct or indirect ownership, control or direction over Common Shares or other securities of Aimia through market transactions, private agreements, subscriptions from treasury or otherwise.

Aimia’s head office address is 176 Yonge Street, 6th Floor, Toronto, Ontario M5C 2L7.

For further information, including a copy of the corresponding report filed with Canadian securities regulators, please visit www.sedar.com or contact:
Mithaq Capital SPC
+966 11 222 22 10
mithaq-capital@mithaqholding.com
Saudi Arabia, P.O. Box 86611, Riyadh 11632