Dye & Durham Board Resigns and Appoints Engine Capital and OneMove's Nominees to the Board

• 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

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