THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES
MONTREAL,
Jan. 15, 2014 /CNW Telbec/ - Aimia
Inc. ("Aimia") announced today the closing of its previously
announced offering of 6,000,000 Cumulative Rate Reset Preferred
Shares, Series 3 (the "Series 3 Preferred Shares"), including
1,000,000 Series 3 Preferred Shares that were issued upon the
exercise in full of the underwriters' option to purchase additional
shares, at a price of C$25.00 per
Series 3 Preferred Share for gross proceeds of C$150 million. The Series 3 Preferred Shares
were purchased by a syndicate of underwriters led by CIBC, TD
Securities Inc., RBC Capital Markets and BMO Capital Markets.
The net proceeds of the issue will be used by
Aimia to supplement its financial resources and for general
corporate purposes.
About Aimia
Aimia Inc. is a global leader in loyalty
management. Employing more than 4,000 people in over 20 countries
worldwide, Aimia offers clients, partners and members proven
expertise in launching and managing coalition loyalty programs,
delivering proprietary loyalty services, creating value through
loyalty analytics and driving innovation in the emerging digital,
mobile and social communications spaces. Aimia owns and operates
Aeroplan, Canada's premier
coalition loyalty program, Nectar, the United Kingdom's largest coalition loyalty
program, Nectar Italia, and Smart Button, a leading provider of
SaaS loyalty solutions. In addition, Aimia owns stakes in Air Miles
Middle East, Mexico's leading
coalition loyalty program Club Premier, Brazil's Prismah Fidelidade, China Rewards -
the first coalition loyalty program in China that enables members to earn and redeem
a common currency, and i2c, a joint venture with Sainsbury's
offering insight and data analytics services in the UK to retailers
and suppliers. Aimia also holds a minority position in Cardlytics,
a US-based private company operating in card-linked marketing for
electronic banking.
Aimia is listed on the Toronto Stock Exchange
(TSX: AIM). For more information, visit us at www.aimia.com.
Caution Concerning Forward-Looking
Statements
Forward-looking statements are included in this
news release. These forward-looking statements are identified by
the use of terms and phrases such as "anticipate", "believe",
"could", "estimate", "expect", "intend", "may", "plan", "predict",
"project", "will", "would", and similar terms and phrases,
including references to assumptions. Such statements may involve
but are not limited to comments with respect to strategies,
expectations, planned operations or future actions.
Forward-looking statements, by their nature, are
based on assumptions and are subject to important risks and
uncertainties. Any forecasts, predictions or forward-looking
statements cannot be relied upon due to, among other things,
changing external events and general uncertainties of the business
and its corporate structure. Results indicated in forward-looking
statements may differ materially from actual results for a number
of reasons, including without limitation, dependency on top
accumulation partners and clients, changes to the Aeroplan Program,
successful implementation of recently signed financial credit card
agreements, conflicts of interest, greater than expected
redemptions for rewards, regulatory matters, retail market/economic
conditions, industry competition, Air Canada liquidity issues, Air
Canada or travel industry disruptions, airline industry changes and
increased airline costs, supply and capacity costs, unfunded future
redemption costs, failure to safeguard databases and consumer
privacy, changes to coalition loyalty programs, seasonal nature of
the business, other factors and prior performance, foreign
operations, legal proceedings, reliance on key personnel, labour
relations, pension liability, technological disruptions and
inability to use third party software, failure to protect
intellectual property rights, interest rate and currency
fluctuations, leverage and restrictive covenants in current and
future indebtedness, uncertainty of dividend payments, managing
growth, credit ratings, as well as the other factors identified in
this news release and throughout Aimia's public disclosure record
on file with the Canadian securities regulatory authorities.
The forward-looking statements contained herein
represent Aimia's expectations as of January
15, 2014, and are subject to change after such date.
However, Aimia disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required under
applicable securities regulations.
The Series 3 Preferred Shares have
not been, nor will be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws
and may not be offered or sold in the
United States or to U.S. persons absent registration or
applicable exemption from the registration requirement of such Act
and applicable state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to qualification under the securities laws of any such
jurisdiction.
SOURCE AIMIA