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Progressive Waste Solutions Ltd. Renews Normal Course Issuer Bid Toronto, Ontario

The following excerpt is from the company's SEC filing.

Progressive Waste Solutions Ltd. (the “Company” or “Progressive Waste Solutions”) (NYSE, TSX: BIN)

announced that it has received approval from the Toronto Stock Exchange (“TSX”) to renew, for a 12-month-period, its normal course issuer bid (“NCIB”), effective August 28, 2015.

In July 2014, the Company’s Board of Directors authorized a share repurchase program of up to $400 million United States dollars through December 31, 2017, to be implemented in accordance with TSX regulations, which require NCIBs to be renewed on an annual basis. An ongoing stock repurchase progra m is a key element of the Company’s long-term plan to deliver a balanced return to shareholders.

Since the Company first commenced its NCIB in August 2011, the Company has purchased approximately 11.66 million common shares for cancellation at a total cost of approximately $325.6 million Canadian dollars through August 25, 2015, of which 5,450,023 have been purchased for approximately $192.3 million (at an average price per share of $35.28) under the Company’s NCIB that commenced on August 28, 2014 and expires on August 27, 2015. As of August 25, 2015, the Company had 109,301,314 common shares issued and...


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