TORONTO, June 4, 2024 /CNW/ - Aimia Inc. (TSX:AIM) ("Aimia" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has approved its previously-announced normal course issuer bid ("NCIB").The NCIB represents part of the Company's strategy of unlocking shareholder value as has been identified as a key priority in recent shareholder disclosures.Aimia has received approval to purchase for cancellation up to 7,009,622 of its common shares, or 10% of the public float of 70,096,228 common shares as at May 28, 2024, through the facilities of the TSX and through alternative Canadian trading systems (such as Alpha ATS), or by exempt offers or block purchases, during the period from June 6, 2024 to no later than June 5, 2025. Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be at the prevailing market price at the time of acquisition. Aimia may also purchase common shares for cancellation pursuant to exemption orders from applicable securities regulatory authorities, and such purchases will be at a discount to the prevailing market price. As at May 28, 2024, there were 99,679,614 issued and outstanding common shares. Aimia has not repurchased any of its common shares during the last twelve months.The average daily trading volume on the TSX for the past six months was 47,315 common shares. Under TSX rules, a maximum daily purchase of 25% of this average may be made, representing 11,828 common shares. In addition, Aimia may make, once per week, a block purchase (as such term ...Full story available on Benzinga.com