12:05 PM EDT, 08/26/2024 (MT Newswires) -- DIRTT Environmental Solutions ( DRTTF ) , an industrialized construction company, said Monday it secured exchange approval for a planned normal course issuer bid (NCIB) for its debentures.

The NCIB comprises DIRTT's 6.00% convertible unsecured subordinated debentures due January 31, 2026 and 6.25% convertible unsecured subordinated debentures due Dec. 31, 2026.

Under the NCIB, DIRTT can acquire 10% of the total public float of each series of debentures.

The NCIB is expected to start Wednesday and run for 12 months.

The company's shares were last seen up $0.03 to $0.72 on the Toronto Stock Exchange.

Price: 0.72, Change: +0.03, Percent Change: +4.35