DIRTT Environmental Solutions Ltd. announced the renewal of its Normal Course Issuer Bid for common shares on the Toronto Stock Exchange.
The renewed bid is set to commence on December 22, 2025, following the expiry of the prior bid on December 19, 2025.
The company aims to optimize its capital structure through share repurchases to enhance shareholder value.
Renewed NCIB Details
DIRTT can acquire up to 9,593,878 Common Shares under the Renewed NCIB, representing 5.0% of the issued shares as of December 8, 2025.
Daily Purchase Limit
The daily purchase limit is capped at 8,917 Common Shares, approximately 25% of the average trading volume for the past six months.
Management Decisions
DIRTT's share repurchases will be based on market conditions, share price, and other relevant factors to benefit shareholders.
- The renewal of the Normal Course Issuer Bid demonstrates DIRTT's commitment to enhancing shareholder value through optimizing its capital structure.
- Share repurchases can reduce the outstanding share count, potentially increasing value per share for existing shareholders.
The renewal of DIRTT's Normal Course Issuer Bid reflects the company's strategic approach to capital management and commitment to maximizing shareholder value through efficient share repurchases.