Mittleman Brothers LLC Issues Statement Concerning Aimia Inc.
AIMIA INC (GAPFF)
Company Research
Source: PR Newswire
NEW YORK, July 10, 2019 /PRNewswire/ -- In response to investor inquiries, Mittleman Brothers LLC ("MB" or "we"), which through subsidiaries and with affiliates is the largest shareholder of Aimia Inc. (TSX: AIM) ("Aimia") owning or exercising control or direction over approximately 23.3% of its outstanding shares, today commented on Aimia's annual meeting of shareholders (the "AGM") held in Toronto on June 28, 2019.Representatives of MB were present at Aimia's AGM and observed the same irregularities which were recently identified by the Aimia Shareholders for Accountability in their July 8, 2019 press release. Although MB is not party to any voting or other agreement with these shareholders, we are sympathetic to their concerns raised in respect of the conduct of the AGM. At the time of the AGM, MB was subject to an agreement dated March 23, 2018 with Aimia (the "Standstill Agreement") pursuant to which MB agreed, among other things, (i) to vote in favour of the election of all Aim
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