TORONTO, July 7, 2021 /CNW/ - Aimia Inc. (TSX: AIM) is
pleased to announce that it intends to tender its entire stake in
Clear Media Limited consisting of 58,774,450 shares in the company
as acceptance for the Share Alternative in the new Holdco entity
pursuant to the Offer, as jointly announced by Ever Harmonic Global
Limited and Clear Media Limited on July 5,
2021. This intent is subject to the finalization of
the Composite Document containing the terms and conditions in
connection with the Offer which is expected to be made available in
due course. Aimia is pleased to participate in the planned
privatization of Clear Media led by a blue-chip consortium, and is
excited about Clear Media's prospects.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company with a focus on
long-term investments in public and private companies, on a global
basis, through controlling or minority stakes.
The company operates an investment advisory business through its
wholly-owned subsidiary Mittleman Investment Management, LLC, and
owns a diversified portfolio of valuable investments including a
48.9% equity stake in PLM Premier, S.A.P.I. de C.V. (PLM), owner
and operator of Club Premier, the coalition loyalty program in
Mexico that operates the
Aeromexico Frequent Flyer program, a 48.7% equity stake in
Kognitiv, a B2B technology growth company enabling collaborative
commerce, a 10.85% stake in Clear Media Limited (100.HK), one of
the largest outdoor advertising firms in China, as well as minority stakes in a
portfolio of public company securities.
For more information about Aimia, visit www.aimia.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking information" within the meaning of Canadian
securities laws ("forward-looking statements"), which are based
upon our current expectations, estimated, projections, assumptions
and beliefs. All information that is not clearly historical in
nature may constitute forward-looking statements. In some cases,
forward-looking statements are typically identified by the use of
terms such as such as "anticipate", "believe", "could", "estimate",
"expect", "intend", "may", "plan", "predict", "project", "will",
"would", and "should". Forward-looking statements in this press
release include, but are not limited to, statements with respect to
our current and future plans, expectations and intentions.
Forward-looking statements, by their nature, are based on
assumptions and are subject to known and unknown risks and
uncertainties, both general and specific, that contribute to the
possibility that the forward-looking statement will not
occur. The forward-looking statements in this press release
speak only as of the date hereof and reflect several material
factors, expectations and assumptions. Undue reliance should not be
placed on any predictions or forward-looking statements as these
may be affected by, among other things, changing external events
and general uncertainties of the business. A discussion of the
material risks applicable to us can be found in our current
Management Discussion and Analysis and Annual Information Form,
each of which have been or will be filed on SEDAR and can be
accessed at www.sedar.com. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and we disclaim any intention and
assumes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
SOURCE Aimia Inc.