/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES /
Aimia sold 1.5 million shares of Cardlytics Inc. (CDLX) by way of block trade for net proceeds of approximately US$44.9 million (CA$59.8 million). After the transaction, Aimia retains 1.478 million shares in Cardlytics. The company will continue to evaluate its remaining investment in Cardlytics against its stated strategy as a consolidator in the loyalty and travel space, as well as its capital allocation priorities.
Aimia Inc. (AIM.TO) is a loyalty and travel consolidator focused on growing earnings through its existing investments and the targeted deployment of capital in loyalty solutions and other sub-sectors of the rapidly-expanding loyalty and travel markets.
Its investments in travel loyalty include the Club Premier program in Mexico , which it jointly controls with Aeromexico through its investment in PLM, and an investment alongside AirAsia in travel technology company BIGLIFE, the operator of BIG Loyalty.
Aimia also operates a loyalty solutions business, which is a well-recognized, global full-service provider of next-generation loyalty solutions for many of the world's leading brands in the retail, CPG, travel & hospitality, financial services and entertainment verticals.
For more information about Aimia, visit corp.aimia.com.
SOURCE Aimia Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2019/26/c9173.html