- Dye & Durham's highly
qualified Board and management team are focused on driving value
for all stakeholders
- Engine Capital threatens to disrupt the Company's progress,
opposes the consideration of strategic alternatives, and would
destroy shareholder value if its nominees are elected
- Due to postal disruption, shareholders encouraged to contact
Carson Proxy if they require assistance in voting or to receive
replacement proxy materials
- Board urges Dye & Durham shareholders to vote
FOR all of Dye & Durham's nominees on
the GOLD Proxy or
GOLD VIF to protect and maximize shareholder
value
TORONTO, Nov. 26,
2024 /CNW/ - Dye & Durham Limited ("Dye &
Durham" or the "Company") (TSX: DND) today
announced that it has issued a Letter to Shareholders (the
"Letter") and filed its Management Information Circular (the
"Circular") with the Canadian Securities Administrators on
SEDAR+ under the Company's profile at www.sedarplus.ca in
connection with the Company's 2024 annual and special meeting of
shareholders (the "Annual Meeting") scheduled for
December 17, 2024. The Letter and
Circular are also available on the company's website.
Due to the Canadian postal disruption, shareholders are
encouraged to contact Carson Proxy at 1-800-530-5189, text
416-751-2066, or email info@carsonproxy.com, for
assistance in voting their shares, or to obtain replacement proxy
materials.
These materials provide compelling, important information on the
business of the Annual Meeting, including Dye & Durham's board
of directors (the "Board"), as well as related matters such
as voting procedures, how to attend the Annual Meeting, details on
the Company's strong track record of value creation and why Dye
& Durham's director nominees are best positioned to continue
the Company's track record of outperformance. Shareholders are
urged to vote the GOLD proxy or GOLD VIF for the
renewed Board to sustain Dye & Durham's momentum and continue
driving extraordinary, compounded value for shareholders.
The Letter and Circular also detail Engine Capital LP's
(together with affiliates, "Engine") campaign to disrupt the
Company's progress, opposition to the consideration of strategic
alternatives, its zero-premium takeover attempt, its track record
of poor capital allocation, and its reckless plan to displace the
Board and the management team. In addition, the Board details why
it believes that the election of Engine's poorly qualified nominees
and the pursuit of Engine's agenda will be value destructive for
shareholders.
The Company encourages you to vote your GOLD proxy or
GOLD VIF FOR each of Dye & Durham's director
nominees well before the proxy deadline on December 13, 2024 at 10:30
a.m. (Toronto time). If you
have any questions or need help voting your shares, please contact
Carson Proxy at 1-800-530-5189, text 416-751-2066, or email
info@carsonproxy.com.
Advisors
Dye & Durham has retained Goldman Sachs, as its strategic
advisor, Goodmans LLP and Groia & Company as its legal
advisors, Gagnier Communications LLC and Sovereign Advisory Inc. as
its strategic communications advisors, and Carson Proxy as its
proxy solicitor.
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