other material
confidence high
sentiment positive
materiality 0.55
DIRTT announces TSX-approved NCIB to repurchase up to 7.5M common shares (3.89% of outstanding)
DIRTT ENVIRONMENTAL SOLUTIONS LTD
- TSX accepted NCIB for up to 7,515,233 common shares, ~3.89% of outstanding as of Dec 9, 2024 (193,406,836 shares).
- NCIB commences Dec 20, 2024 and terminates Dec 19, 2025; daily purchase limit 14,739 shares.
- Shares purchased on open market at market price; all acquired shares will be cancelled.
- DIRTT expects to enter automatic repurchase plan for purchases during blackout periods.
- No common shares purchased under NCIB in past 12 months; prior NCIB focused on debentures.