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DIRTT Announces Normal Course Issuer Bid for Debentures
Globenewswire· 2025-08-26 12:00
Core Viewpoint - DIRTT Environmental Solutions Ltd. has announced the renewal of its normal course issuer bid (NCIB) for its convertible unsecured subordinated debentures, allowing the company to repurchase a specified amount of its debentures under certain conditions [1][2]. Group 1: NCIB Details - The renewed NCIB will allow DIRTT to acquire up to C$1,656,900 principal amount of January Debentures and C$1,493,500 principal amount of December Debentures, representing 10% of the total public float of each series [2]. - The NCIB for the December Debentures is set to terminate on August 27, 2026, while the NCIB for the January Debentures will terminate on January 31, 2026 [1]. - DIRTT will not purchase more than C$99,092 principal amount of January Debentures or C$350,552 principal amount of December Debentures on any given trading day [2]. Group 2: Previous NCIB Performance - Under the previous 2024 NCIB, DIRTT sought approval to purchase C$1,664,200 principal amount of January Debentures and C$1,558,700 principal amount of December Debentures, having purchased C$73,000 and C$652,000 of each, respectively [3]. Group 3: Repurchase Plans - DIRTT plans to enter into an issuer repurchase plan agreement (IRPA) and an automatic repurchase plan agreement (ARPP) to facilitate purchases under the NCIB [4]. - The ARPP will allow DIRTT to make purchases during regulatory restrictions or blackout periods, with the designated broker determining the timing and amount of such purchases [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, and education [5][6].
SPIE - NOTICE OF REDEMPTION - Bonds due June 18, 2026
Globenewswire· 2025-05-28 14:45
NOTICE OF REDEMPTIONTO HOLDERS OF SPIE(the “Issuer”)€600,000,000 2.625 per cent. Bonds due June 18, 2026 (the “Bonds”) ISIN: FR0013426376Common Code: 201374006 Optional Make Whole Redemption Date: June 27, 2025 Cergy, May 28, 2025 - Notice is hereby given to the holders of Bonds (of which €600,000,000 are currently outstanding) pursuant to Conditions 6.4.2 (Make Whole Redemption by the Issuer) and 11 (Notices) of the terms and conditions of the Bonds contained in the prospectus relating to the issue of the ...