- Board continues to engage with nominating shareholders in
attempt to find an amicable settlement
- Director Leslie O'Donoghue to
step down to help facilitate a resolution
TORONTO, July 5, 2024
/CNW/ - Dye & Durham Limited (the "Company" or
"Dye & Durham") (TSX: DND) today provided an update to
shareholders on the Board's efforts to arrive at a settlement with
parties who have nominated individuals for election at the
Company's upcoming special meeting of shareholders scheduled to be
held on August 20, 2024 (the "Special
Meeting").
The Board continues to pursue and advance proposals that it
believes would be in the best interests of all shareholders, and
potentially avoid the expense and distraction of a contested
shareholder meeting.
Related to those proposals, director Leslie O'Donoghue will resign from the Company's
board of directors (the "Board") with immediate effect. Ms.
O'Donoghue was a valuable contributor to the Board during her
tenure as a director. Following discussions with fellow directors,
it was determined that it would be in the best interest of the
Company for her to resign to help facilitate constructive and good
faith discussions with the nominating shareholder parties.
"The Board continues to attempt to seek a resolution with
parties who have nominated individuals for election at the upcoming
special meeting. The Board is working tirelessly to find an
equitable alternative that avoids a contested shareholder meeting.
We are grateful to Leslie for her contributions to the Board, and
appreciated the informed perspective and depth of experience she
brought to our deliberations," said Colleen
Moorehead, Chair of the Board.
About Dye & Durham Limited
Dye & Durham Limited provides premier practice management
solutions empowering legal professionals every day, delivers vital
data insights to support critical corporate transactions and
enables the essential payments infrastructure trusted by government
and financial institutions. The company has operations in
Canada, the United Kingdom, Ireland, and Australia.
Additional information can be found
at www.dyedurham.com.
Forward-looking Statements
This press release may contain forward-looking information
within the meaning of applicable securities laws, which reflects
Dye & Durham's current expectations regarding future events. In
some cases, but not necessarily in all cases, forward-looking
statements can be identified by the use of forward looking
terminology such as "plans", "targets", "expects" or "does not
expect", "is expected", "an opportunity exists", "is positioned",
"estimates", "intends", "assumes", "anticipates" or "does not
anticipate" or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might", "will" or "will betaken", "occur" or "be
achieved". In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor
guarantees or assurances of future performance but instead
represent management's current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond Dye & Durham's control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking information. Such
risks and uncertainties include, but are not limited to, the
factors discussed under "Risk Factors" in Dye & Durham's most
recent annual information form. Dye & Durham does not undertake
any obligation to update such forward-looking information, whether
as a result of new information, future events or otherwise, except
as expressly required by applicable law.
SOURCE Dye & Durham Limited