Business
Progressive Planet continues share buyback program and provides corporate update
Progressive Planet continues share buyback program and provides corporate update Canada...
About this update from Progressive Planet Solutions Inc.
[{"type":"text","content":"\n\n\n\n Progressive Planet continues share buyback program and provides corporate update\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION IN THE\n \n USA\n \n /\n \n\n\n 658,500\n \n shares purchased at below book value in July.\n \n\n\n\n\n KAMLOOPS, BC\n \n\n ,\n \n\n Aug. 7, 2024\n \n\n /CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB: ASHXF)\n \n (\"Progressive Planet\", \"PLAN\", or the \"Company\")\n \n , a manufacturer of products for a healthy planet, announces the results for the second month of actively utilizing its normal course issuer bid (the \"\n \n NCIB\n \n \").\n \n\n\n\n\n\n\n\n\n On\n \n June 3, 2024\n \n , Progressive Planet announced that the TSX Venture Exchange had accepted its notice to proceed with a normal course issuer bid.\n \n\n During the month of July, the Company purchased 658,500 shares for cancellation. The average purchase price was $ 0.0916 per share.\n \n\n \"In July, we continued buying back shares using the approved normal course issuer bid program. We continue to view the ability to buy back shares from voluntary sellers at below book value per share as adding value to the remaining shareholders,\" stated\n \n Steve Harpur\n \n , CEO of PLAN.\n \n\n\n Corporate Update:\n \n\n\n\n In July, Progressive Planet was approved by the local natural gas utility to conduct an energy efficiency study on our raw material processing and drying, as we strive to reduce our natural gas consumption and greenhouse gas emissions. The local gas utility will provide 75% percent of the funding required to have the study conducted by a third-party engineering firm. The study commenced in\n \n July 2024\n \n . Upon completion, by\n \n January 2025\n \n , the local gas utility will review the study for potential efficiency incentives.\n \n\n Progressive Planet Products (as Absorbent Products) conducted a similar study with the financial help of the same local gas utility in 2012. The findings of this rep...