Canaccord Genuity Acts as Exclusive Financial Advisor to the Special Committee of Aimia on its Successful Defense against a Hostile Takeover Bid by Mithaq Capital

Canaccord Genuity acted as exclusive financial advisor to the Special Committee of the Board of Directors of Aimia Inc. (TSX: AIM) ("Aimia" or the "Company"). Canaccord Genuity provided an inadequacy opinion to the Special Committee, following the receipt of a hostile takeover bid by Mithaq Capital (“Mithaq”) to acquire all of the issued and outstanding of the Company. Following the issuance of the inadequacy opinion, the shareholders rejected the activist tender bid offer and Mithaq terminated its hostile takeover bid on February 15, 2024.

Subsequently, on June 26, 2024, Aimia announced that all seven of the nominees proposed for election to its board of directors were elected at the Company's annual general meeting of shareholders. The meeting was contested, with an alternative slate of six dissident nominees being proposed by Mithaq.

Aimia is a diversified company focused on unlocking the growth potential of its two global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include monetizing its non-core investments, returning capital to its shareholders, and efficiently utilizing its loss carry-forwards to create shareholder value.