CALGARY, Alberta, Aug. 26, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (TSX: DRT; OTC: 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 "NCIB") for DIRTT's 6.00% convertible unsecured subordinated debentures due January 31, 2026 ("January Debentures") and its 6.25% convertible unsecured subordinated debentures due December 31, 2026 ("December Debentures", and together with the January Debentures, the "Debentures"). The NCIB is expected to commence on August 28, 2025, following the conclusion of the Company's current NCIB expiring on August 27, 2025 (the "2024 NCIB"). The NCIB for the December Debentures is expected to terminate on August 27, 2026 and the NCIB for the January Debentures is expected to terminate on January 31, 2026, concurrent with the maturity day of the January Debentures.
Related Questions
How will the renewal of the NCIB affect market demand and pricing of DIRTT’s convertible debentures?
What are the expected conversion rates and upside potential for the 6.00% and 6.25% debentures?
Will the extended NCIB period impact DIRTT’s cash flow or liquidity and consequently influence the equity valuation?