MONTREAL - Aimia Inc. says that a previously announced repurchase of its preferred shares expires Friday, a few days earlier than a buyback of common shares that was announced at the same time in November. The former owner of the Aeroplan loyalty points system, which has been sold to Air Canada, says its offer to buy back $62.5 million preferred shares formally expires at 10 p.m. A separate offer to repurchase $62.5 million of Aimia common shares will expire Monday at 5 p.m. The $125 million of buybacks were announced Nov. 18 along with a deal that settled disagreements with two groups of shareholders. Philip Mittleman, the company’s largest shareholder, and Aimia chief executive Jeremy Rabe will be the only two incumbents to stand for re-election at the company’s 2020 annual meeting.

Source: thestar December 27, 2019 15:33 UTC