15/04/2024

Dye & Durham Provides Update on its Previously Announced Shareholder Meeting

TORONTOApril 15, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“), (TSX: DND) today announced the receipt a notice from Blacksheep Master Fund Limited c/o Mourant Governance Services (Cayman) Limited (“Blacksheep“), pursuant to which Blacksheep notified the Company that it may nominate Alexis Fortune, Chief Investment Officer of Blacksheep Fund Management for election to the board of directors of the Company at the special meeting of shareholders of the Company to be held on August 20, 2024 or at any adjournment or postponement thereof (the “Meeting“).

The Meeting was called in response to a shareholder requisition (the “Requisition“) submitted by Engine Capital LP (“Engine“), which calls for the Meeting for the purposes of removing Brian L. DerksenColleen Moorehead and Leslie A. O’Donoghue from the Company’s board of directors (the “Board“) and electing Arnaud Ajdler, Sanjay Nakra and Sharon Stern as their replacement. In total, Engine and Blacksheep have put forward four nominees to Dye & Durham’s seven-person Board.

The Company and the Board are committed to acting in the best interests of the Company and all of its stakeholders and, as previously stated, welcome the opportunity to engage with all shareholders.

Dye & Durham also announced today that, given the aforementioned developments, it has retained Goldman Sachs as its strategic adviser as it assesses its options with respect to the foregoing matters.

The Company will continue to provide updates to shareholders on any significant developments relating to the foregoing as required and appropriate.

About Dye & Durham

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. Dye & Durham has operations in Canada, the United KingdomIrelandAustralia 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. Specifically, forward-looking statements include, without limitation, statements regarding the calling of the Meeting and matters related thereto. 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

For further information: Huss Hirji, VP, Investor Relations, Dye & Durham Limited, Email: [email protected], Phone: 647-323-7193

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