DIRTT Announces Renewal of Normal Course Issuer Bid for Common Shares

Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the renewal of its Normal Course Issuer Bid (NCIB) to enhance shareholder value through opportunistic share repurchases [1][2]. Group 1: Renewed NCIB Details - The Renewed NCIB will commence on December 22, 2025, and will terminate on December 21, 2026, following the expiry of the current NCIB [1]. - Under the Renewed NCIB, DIRTT is authorized to repurchase up to 9,593,878 Common Shares, which is 5.0% of the issued and outstanding shares as of December 8, 2025 [2]. - The daily purchase limit is set at approximately 25% of the average daily trading volume, which is 35,669 Common Shares over the last six months [2]. Group 2: Prior NCIB Performance - Under the Prior NCIB, DIRTT purchased 1,749,974 Common Shares at a volume-weighted average price of C$0.95, representing approximately 3.89% of the issued shares as of December 9, 2024 [3]. - Additionally, DIRTT acquired 3,920,844 Common Shares directly from NGEN III, LP, which counted towards the maximum repurchase limit under the Prior NCIB [3]. Group 3: Repurchase Plans - DIRTT plans to implement an Issuer Repurchase Plan Agreement (IRPA) and an Automatic Repurchase Plan Agreement (ARPP) in connection with the Renewed NCIB [4]. - The ARPP will allow for share repurchases during regulatory black-out periods, provided DIRTT is not in possession of material non-public information [4]. - All purchases made under the IRPA and ARPP will count towards the total number of shares repurchased under the Renewed NCIB [4]. Group 4: Company Overview - DIRTT is a leader in industrialized construction, providing a system of physical products and digital tools for adaptable interior environments across various sectors including workplace, healthcare, education, and public [8]. - The company's solutions are designed to offer flexibility and adaptability, allowing organizations to reconfigure spaces as their needs evolve [8].