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DIRTT Announces Renewal of Normal Course Issuer Bid for Common Shares
CALGARY, Alberta, Dec. 18, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (TSX: DRT;...
About this update from Dirtt Environmental Solutions Ltd
[{"type":"text","content":"DIRTT Announces Renewal of Normal Course Issuer Bid for Common Shares\nCALGARY, Alberta, Dec. 18, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (TSX: DRT; OTCQX: DRTTF) (\"DIRTT\" or the \"Company\"), a leader in industrialized construction, announced today that the Toronto Stock Exchange (\"TSX\") has accepted DIRTT's notice of intention to renew its normal course issuer bid (the \"Renewed NCIB\") for common shares in the capital of DIRTT (\"Common Shares\"). The Renewed NCIB is expected to commence on December 22, 2025, following the expiry of the Company's current NCIB (the \"Prior NCIB\") on December 19, 2025, and terminate on December 21, 2026. “As part of our commitment to maximizing shareholder value, DIRTT has renewed its Normal Course Issuer Bid,” said Benjamin Urban, CEO of DIRTT. “Our goal is to optimize our capital structure via opportunistic share repurchases, thereby reducing the share count and allowing value to accrue to shareholders over time.” Under the Renewed NCIB, DIRTT is permitted to acquire up to 9,593,878 Common Shares, which represents 5.0% of the issued and outstanding Common Shares as of December 8, 2025, being 191,877,573 Common Shares. Except as permitted under the TSX rules, DIRTT will not purchase more than 8,917 Common Shares on any given trading day. The daily purchase limit for the Common Shares is approximately 25% of 35,669 Common Shares, being the average daily trading volume of the Common Shares on the TSX for the six most recently completed calendar months. All purchases will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems or by such other means as may be permitted by the applicable securities regulator, at the market price of such Common Shares at the time of acquisition. Any Common Shares acquired through the Renewed NCIB will be immediately cancelled. The board of directors of DIRTT believes that, from time to time, the market price of the Common Shares may be such that their purchase price may be an attractive and appropriate use of corporate funds and be advantageous to all remaining shareholders of DIRTT. Management's decisions regarding any Common Share repurchases will be based on market conditions, the market price of the Common Shares, and other factors. Under the Prior NCIB, t...