AIMIA PROVIDES UPDATE ON ITS SHARE BUYBACKS FOR MAY 2025
Shares were repurchased at a weighted-average price of $2.74 per common share for a total settlement of $3,974,551 excluding brokerage fees. Through May 30, 2025, Aimia has repurchased and cancelled 5,585,932 common shares or 79.69% of the 7,009,622 common shares it is eligible to purchase under its NCIB first announced on June 4, 2024 1. Aimia launched its NCIB as part of its strategy to enhance shareholder value.
Aimia believes that the market price of its common shares may, from time to time, not reflect the intrinsic value of the company, and that repurchases of common shares pursuant to the NCIB may represent an appropriate and desirable use of the Company's funds. Therefore, Aimia believes that it is in its best interest to proceed with this NCIB, while maintaining sufficient financial flexibility to execute on the Company's future strategic direction and capital allocation priorities.
About Aimia
Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value.
For more information about Aimia, visit www.aimia.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
a few seconds ago
- Toronto Star
ERAG Energie & Rohstoff AG Announces Acquisition of Shares of Belmont Resources Inc.
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — ERAG Energie & Rohstoff AG PCC (the 'Acquiror), a private investment a private investment holding company incorporated in Liechtenstein, announces that on July 17, 2025, the Acquiror, along with two joint actors HMS Bergbau AG ('HMS') and LaVo Verwaltungsgesellschaft MBH ('LaVo'), acquired Common Shares of Belmont Resources Inc. (TSX-V: BEA) (the 'Issuer'). The Issuer completed a private placement of Common Shares, issuing a total of 26,300,00 shares at a price of $0.045 per share for proceeds of $1,183,500 (the 'Private Placement'). Under the Private Placement, the Acquiror purchased 4,000,000 Common Shares, HMS purchased 15,000,000 Common Shares and LaVo purchased 7,300,000 Common Shares. The Private Placement was the second tranche of a larger private placement in which the Issuer issued a total of 30,300,000 Common Shares.
Cision Canada
a few seconds ago
- Cision Canada
Bayes Market Launches New Social Prediction Platform, Transforming Human Insight into Tradable Asset
HONG KONG, July 21, 2025 /CNW/ -- Bayes Labs team announces the official launch of Bayes Market, a next‑generation global prediction market based in Asia. Bayes Market converts future events into structured financial contracts, offering professionals and mass population a groundbreaking tool to hedge and trade. In an era marked by AI, deglobalization, and geopolitical uncertainty, Bayes Market opens a fresh arena beyond traditional asset—a platform where insights about the future can be priced, traded, and monetized. Trading on Probability, Filling Gaps in Traditional Finance Bayes Market operates as a prediction market not relying on a single underlying asset, but around information. Users of prediction market trade on probabilities of events from geopolitics, climate to K-pop group comebacks base on their own believes. Each contract's price reflects the market's collective assessment of an event's probability. Instead of forcing investors to hedge indirectly via ETFs or options, Bayes Market offers a direct hedge on the event itself, addressing a critical blind spot. Users can turn tomorrow's uncertainty into today's actionable trade, in a granular way. Asian Dynamic Meets AMM Bayes Market employs an Automated Market Maker (AMM) to deliver low‑slippage, high‑transparency trading experience. At the same time, the platform focuses on long‑tail events, making prediction approachable, diverse, and culturally relevant especially in Asia. The team believes that everyone should be able to trade and create events that of their own interest. Bayes Market covers entertainment, pop culture, and social issues beyond macroeconomics and politics, embedding prediction in our daily lives. This unlocks the mass market adoption beyond crypto users. Decentralized Market Creation Bayes Market will soon let users initiate their own prediction events, whether it is a dating reality show or inflation. This challenges the existing paradigm where centralized institutions define tradable markets, turning prediction markets into a grassroots catalyst of shared reality. Stay tuned for Bayes Market's next version update. An Ecosystem for a 'Cognition‑as‑Value' Market Economy Bayes Market is now officially launched, supporting Bayes Points and USDC, with Points incentive programs. The platform invites data providers, content platforms, communities, and Web3 innovators to co‑create an ecosystem where cognition itself becomes a new type of value.
Toronto Star
12 minutes ago
- Toronto Star
Aura Announces S&P Global Upgrades Outlook to Positive B+ Rating on Larger Scale and Financial Performance
ROAD TOWN, British Virgin Islands, July 21, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (Nasdaq: AUGO) (TSX: ORA) (B3: AURA33) ('Aura' or the 'Company') today announced that S&P Global Ratings has upgraded its outlook on the Company's global and national scale credit ratings outlook to positive from stable, while affirming its B+ global scale long-term issuer credit rating and 'brAA' Brazilian national scale rating. According to S&P, the upgraded outlook reflects several key factors: (i) the U.S. listing should allow accelerated growth for Aura without any increase in leverage; (ii) Aura track record of constructing small to medium projects and successfully turning around older assets; and (iii) record high gold prices that are propelling free operating cash flow amid the company's significant expansion capital expenditure (capex) program.
