TORONTO, Oct. 30,
2024 /CNW/ - Dye & Durham Limited (the
"Company" or "Dye & Durham") (TSX: DND) today
announced that Luke McCormick has
been appointed to the Company's board of directors (the
"Board"), with immediate effect. Mr. McCormick's appointment
to the Board is in connection with the Company's cooperation
agreement with Blacksheep Fund Management Ltd.
Mr. McCormick is the Managing Director of Investments and a
Partner at Generation Capital, a Toronto-based private investment management
firm. He is responsible for sourcing investment opportunities
and managing the firm's global portfolio across all asset classes,
including public equity, private equity, real estate, and venture
capital. In this capacity he has served on the board of
directors for several private companies. Prior to joining
Generation Capital, he worked at Brookfield Renewable Energy
Partners. Mr. McCormick holds an MBA from the Schulich School
of Business at York University, a BSc
in biology from King's College, and is a CFA Charterholder.
"On behalf of the Board, I am pleased to welcome Mr. McCormick
and look forward to his participation on the Board. Mr. McCormick's
expertise in capital allocation and experience with B2B SaaS
companies, will prove valuable to the Board, as Dye & Durham
continues to execute its strategy and drive growth across its
business," said Colleen Moorehead,
Chair of the Board.
"Dye and Durham has an enviable
market position and a multitude of options at its disposal to
unlock significant long-term value for all shareholders. I
look forward to working constructively with my fellow Board members
and contributing my perspective and expertise to the Company's
capital allocation process," said Luke
McCormick.
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 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