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BRIEF-Aimia Announces New Strategy As Consolidator In Loyalty And Travel

Published 2019-03-28, 06:21 a/m
© Reuters.  BRIEF-Aimia Announces New Strategy As Consolidator In Loyalty And Travel
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March 28 (Reuters) - Aimia Inc AIM.TO :

* AIMIA ANNOUNCES NEW STRATEGY AS CONSOLIDATOR IN LOYALTY AND TRAVEL

* AIMIA INC - ANNOUNCES BOARD APPROVAL OF SUBSTANTIAL ISSUER BID TO REPURCHASE UP TO $150 MILLION OF ITS OUTSTANDING COMMON SHARES

* AIMIA INC - INTENDS TO PURSUE INITIAL BOLT-ON, EBITDA-ACCRETIVE ACQUISITIONS IN LOYALTY SOLUTIONS SPACE

* AIMIA INC - TARGETING A LIMITED NUMBER OF ADDITIONAL SUB-SECTORS WITHIN LOYALTY OR TRAVEL FOR CONSOLIDATION

* AIMIA INC - WILLIAM MCEWAN ASSUMES ROLE OF CHAIRMAN OF BOARD OF DIRECTORS

* AIMIA INC - STEVEN LEONARD APPOINTED CHIEF FINANCIAL OFFICER

* AIMIA - CHAIRMAN ROBERT BROWN INFORMED CO OF HIS DECISION TO RETIRE FROM BOARD

* AIMIA INC - MARK GRAFTON, CURRENTLY CHIEF FINANCIAL OFFICER, WILL BE LEAVING COMPANY

* AIMIA INC - OPERATING EXPENSE EXPECTED TO REDUCE FURTHER IN 2019 AS RESULT OF INITIATIVES CURRENTLY UNDERWAY TO STREAMLINE CO'S OPERATING SYSTEMS

* AIMIA INC - CO EXPECTS TO FORMALLY COMMENCE SIB BY MID-APRIL 2019 WITH EXPIRY DATE OCCURRING BEFORE END OF MAY 2019

* AIMIA - INTENDS TO RECOMMEND REDUCTION IN SIZE OF BOARD

* AIMIA INC - EXPECTS TO FORMALLY COMMENCE SIB BY MID-APRIL 2019 WITH AN EXPIRY DATE OCCURRING BEFORE END OF MAY 2019

* AIMIA INC - OPERATING EXPENSE IS EXPECTED TO REDUCE FURTHER IN 2019

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