22/10/2024

Dye & Durham Responds to Media Report

TORONTOOct. 22, 2024 /CNW/ – Dye & Durham Limited (the “Company” or “Dye & Durham“) (TSX: DND), at the request of CIRO, today responded to a media report that it is exploring a sale after receiving takeover interest. The Company confirms that it has expanded the scope of its previously commenced strategic review process to consider additional opportunities to enhance shareholder value that may include, but are not limited to, a sale of the company, merger, divestiture of assets, or other strategic transactions.

There can be no assurance that the strategic review process will result in any transaction or other alternative, nor any assurance as to its outcome or timing. There is no timetable for completion of this process and Dye & Durham does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate.

Advisors

Dye & Durham has retained Goldman Sachs, as its strategic advisor, Goodmans LLP and Groia & Company as its legal advisors, and Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisors.

ABOUT DYE & DURHAM LIMITED

Dye & Durham Limited provides premiere 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 KingdomIreland, 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

FOR FURTHER INFORMATION, PLEASE CONTACT: Investor Relations: Huss Hirji, VP, Investor Relations, Dye & Durham Limited, Email: [email protected], Phone: 647-323-7193

Go to Media

LATEST MEDIA

31/10/2024
Press Releases

Dye & Durham to Host First Quarter Fiscal 2025 Conference Call

TORONTO, Oct. 31, 2024 /CNW/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”), one of the world’s largest providers of cloud-based legal practice management software designed to make managing…

Read more
30/10/2024
Press Releases

Dye & Durham Appoints Luke McCormick to its Board of Directors

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…

Read more
24/10/2024
Press Releases

Dye & Durham Responds to Engine Capital’s Latest Disingenuous Attacks

Engine’s attempt to takeover the Company without paying shareholders a premium is failing Engine demands the Board abandon its duties to shareholders to serve its narrow agenda Board and management…

Read more
17/10/2024
Press Releases

Dye & Durham Surpasses $150 Million in Annual Recurring Revenue

ARR has now surpassed $150 million on an annualized basis, up approximately 40% in just over one year ARR achievement is a result of strong execution and delivering on go-to-market strategy as…

Read more
15/10/2024
Press Releases

Dye & Durham Calls Annual General Meeting of Shareholders and Cancels Special Meeting Requisitioned by Engine Capital

Special Meeting cancelled in response to Engine Capital’s ever-shifting demands 2024 Annual Meeting timing consistent with past practice and will spare the cost of holding two meetings Board has been…

Read more
15/10/2024
Press Releases

Dye & Durham Enters into Cooperation Agreement with Blacksheep

Blacksheep agrees to support Company nominees at 2024 & 2025 annual meeting Company is grateful to Blacksheep for constructive and thoughtful engagement TORONTO, Oct. 15, 2024 /CNW/ – Dye & Durham Limited (the “Company”…

Read more
25/09/2024
Press Releases

Dye & Durham Responds to Engine’s Rapidly Shifting and Misleading Narrative

Special Meeting was called promptly and delayed by baseless litigation brought by OneMove in which Engine participated as an intervenor Engine’s advice and demands over the past several months have…

Read more
24/09/2024
News

Dye & Durham Announces Early Debt Repayment of $20.3 Million as a Result of Strong Free Cash Flow Generation

Company to repay $20.3 million of principal outstanding on senior secured Term Loan B Facility Management is strongly committed to reducing its net leverage ratio Toronto, Ontario – September 24,…

Read more
23/09/2024
Press Releases

Dye & Durham Schedules Special Meeting

Toronto, Ontario – September 23, 2024 – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND), today announced that the special meeting of shareholders (the “Special Meeting”),…

Read more
17/09/2024
Press Releases

Dye & Durham Announces that it has Won the Baseless Litigation Brought by OneMove

The Court found that OneMove’s attempt to remove director Edward D. Prittie was invalid and dismissed its application The Court noted it would be a breach of the Investor Rights Agreement (“IRA”)…

Read more
04/09/2024
Press Releases

Dye & Durham Reports Fourth Quarter and Year End Fiscal 2024 Financial Results

Revenue up 15% to $120 million in Q4 FY2024 and up 14% to $452 million for FY2024, taking into consideration the TM Group divestiture Leveraged free cash flow1 of $32 million…

Read more