Aimia settles dispute with Mithaq Capital, adds two board members

Aimia Inc. has settled its dispute with Mithaq Capital, its largest shareholder. The agreement includes appointing two Mithaq nominees, Muhammad Asif Seemab and Rhys Summerton, to Aimia's board of directors. Aimia will also pay Mithaq $1.5 million for litigation-related expenses. This follows Mithaq's unsuccessful hostile takeover attempt earlier this year. Seemab will join the board immediately, while Summerton will be an observer until a special shareholder meeting approves board changes. Aimia must maintain 25% of its directors as Canadian residents.