08:09 AM EDT, 06/02/2025 (MT Newswires) -- Aimia ( AIMFF ) on Monday said it repurchased and settled for cancellation a total of around 1.45 million of its common shares in May under its normal course issuer bid program (NCIB).

The shares were repurchased at a weighted-average price of $2.74 per common share for a total settlement of around $3.97 million excluding brokerage fees and represent 1.56% of Aimia's ( AIMFF ) about 92.8 million common shares outstanding as at May 30.

Aimia ( AIMFF ) has repurchased and cancelled about 5.5 million common shares or 79.69% of the roughly 7 million common shares it is eligible to purchase under its NCIB first announced on June 4, 2024.

A company statement noted that the movement in the number of its issued and outstanding shares since the start of its NCIB in June 2024 also reflects the cancellation of around 1.3 million escrow shares and the issuance of 24,560 common shares related to its acquisition of Mittleman Investment Management, LLC in June 2020.