- Annual Meeting will proceed as planned on December 17, 2024
TORONTO, Dec. 17,
2024 /CNW/ - Dye & Durham Limited ("Dye &
Durham" or the "Company") (TSX: DND), today
announced that the board of directors of the Company (the
"Board") has resigned and appointed Engine Capital LP's
(together with affiliates "Engine") nominees: Arnaud Ajdler,
Hans T. Gieskes, Tracey E. Keates, Ritu
Khanna, Anthony P. Kinnear,
and Sid Singh, and, OneMove Capital
Ltd.'s ("OneMove") nominee, Eric
Shahinian, to the Board, effective immediately.
The 2024 annual general and special meeting of shareholders (the
"Annual Meeting") will be held as scheduled on December 17, 2024. The Company's nominees, other
than Mr. Shahinian, will not stand for election at the Annual
Meeting.
Shareholders have made their views clear based on preliminary
tabulation of proxies. The outgoing Board determined that it would
therefore be in the best interests of all stakeholders to
facilitate a smooth and expeditious turnover of the Board. The
outgoing Board thanks all shareholders for their engagement and
wishes the new Board and Dye & Durham's management team and
employees, continued success.
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, Australia, and South
Africa.
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 be taken", "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