2026
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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
Core Viewpoint - The issuer SPIE has announced the redemption of its €600,000,000 2.625% bonds due June 18, 2026, with an optional make whole redemption date set for June 27, 2025 [1][2]. Group 1 - The total amount of bonds currently outstanding is €600,000,000 [2]. - The issuer will redeem all outstanding bonds at a price per bond equal to the optional redemption amount, as per the terms outlined in the prospectus [2]. - The calculation of the optional redemption amount will be conducted by the calculation agent and further notice will be published around June 23, 2025 [3]. Group 2 - The optional make whole redemption date for the bonds is confirmed as June 27, 2025 [3].