Mr. Steve Harpur reports
PROGRESSIVE PLANET SHARE BUYBACK STARTS STRONG, BUILDING LONG-TERM SHAREHOLDER VALUE
Progressive Planet Solutions Inc. has released the results for the first month of actively utilizing its normal course issuer bid.
On June 3, 2024, Progressive Planet announced that the TSX Venture Exchange had accepted its notice to proceed with a normal course issuer bid.
During the month of June, the company purchased 849,500 shares for cancellation. The average purchase price was 10.0088 cents per share.
"In June, we completed our first month of buying back shares using the approved normal course issuer bid program. With the long-term goal of growing shareholder value, we view the ability to buy back shares from voluntary sellers at below book value per share as adding value to the remaining shareholders. This month's activities reflect leadership's confidence in Progressive Planet's present and future," stated Steve Harpur, chief executive officer.
Progressive Planet provides regular information for investors on its website. This includes press releases and other information about financial performance, patents filed and information on corporate governance.
About Progressive Planet Solutions Inc.
Progressive Planet Solutions, a clean technology and manufacturing company operating out of Kamloops, B.C., is reimagining what is possible when people prioritize the planet's health. The company's expertise lies in developing critical low-carbon and carbon sequestering solutions using its owned mineral assets and recycled materials to create planet-friendly products that fight climate change and protect the planet's health.
Progressive Planet's C-Quester Centre of Sustainable Solutions is proudly disrupting the cement, agricultural and animal care industries with the company's low-carbon and CO2 (carbon dioxide) sequestering efforts. The company's products are developed with the express intent of reducing carbon footprints and improving soil health, using naturally occurring minerals and recycled materials, and can be found in over 10,000 retail stores across North America.
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