Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) (the “Company”) announced today that its Board of Directors has authorized the use of $965 thousand remaining under the share repurchase program previously approved on October 4, 2021 that expired on October 3, 2022. Share repurchases may be executed through open market or in privately negotiated transactions over the course of the next 12 months.
The specific number of shares that the Company will ultimately repurchase, and the actual timing, per share price and amount of share repurchases, will be dependent on then current market conditions and other factors.
