Nov 18 (Reuters) - Aimia Inc AIM.TO :
* AIMIA ANNOUNCES COMPREHENSIVE SETTLEMENT OF SHAREHOLDER LITIGATION AND RELATED MATTERS
* AIMIA INC - PENDING LEGAL PROCEEDINGS TERMINATED AND SPECIAL MEETING OF SHAREHOLDERS CANCELLED
* AIMIA INC - CONCURRENT SUBSTANTIAL ISSUER BIDS TO RETURN UP TO $125 MILLION TO PREFERRED AND COMMON SHAREHOLDERS
* AIMIA INC - PROCESS ESTABLISHED TO RECONSTITUTE BOARD
* AIMIA INC - UNDER TERMS OF AGREEMENT, PARTIES HAVE AGREED TO A GOVERNANCE PROCESS WITH A VIEW TO RECONSTITUTING BOARD NO LATER THAN FEBRUARY 28, 2020
* AIMIA INC - BOARD ALSO UNANIMOUSLY APPROVED AN ADDITIONAL & SIGNIFICANT VOLUNTARY SHARE REPURCHASE
* AIMIA INC - ENTERED INTO SETTLEMENT AGREEMENT WITH MITTLEMAN BROTHERS LLC, MITTLEMAN INVESTMENT MANAGEMENT LLC & WITH CHARLES FRISCHER
* AIMIA INC - IN CONNECTION WITH AGREEMENT, BOARD HAS FORMED A NEW COMMITTEE OF INDEPENDENT DIRECTORS
* AIMIA INC - AD HOC NOMINATING COMMITTEE COMPOSED OF 3 OF EXISTING MEMBERS OF AIMIA'S GOVERNANCE AND NOMINATING COMMITTEE AS WELL AS PHILIP MITTLEMAN
* AIMIA INC - IN ADDITION TO PHILIP MITTLEMAN REMAINING ON BOARD, MITTLEMAN HAS RIGHT TO NOMINATE 2 INDIVIDUALS FOR ELECTION AS DIRECTORS
* AIMIA - NOMINATING COMMITTEE TO IDENTIFY, DIRECTOR NOMINEES FOR NOMINATING 6 NEW NON-MANAGEMENT DIRECTORS, INCLUDING 2 NEW INDEPENDENT DIRECTORS
* AIMIA INC - MITTLEMAN HAS ALREADY DESIGNATED CHARLES FRISCHER AS ONE OF MITTLEMAN NOMINEES
* AIMIA - 2 OF 3 OTHER INDIVIDUALS PREVIOUSLY PROPOSED FOR ELECTION BY REQUISITIONING SHAREHOLDERS WILL ALSO BE NOMINATED FOR ELECTION AS DIRECTORS