TORONTO, July 19, 2024 /CNW/ – Dye & Durham Limited (the “Company” or “Dye & Durham“) (TSX: DND) today announced that its special meeting of shareholders (the “Special Meeting”), originally scheduled to be held on August 20, 2024, has been postponed as a result of an endorsement of the Ontario Superior Court of Justice (Commercial List), which resulted from the previously disclosed litigation filed by OneMove Capital Ltd. (“OneMove“) against Dye & Durham and the Company’s responding litigation against OneMove. The Court has scheduled the hearing of both proceedings on August 28, 2024.
The Company will schedule a new time and date for the Special Meeting in accordance with the Court’s ruling, during the Fall of 2024. Until that time, the Company will not, without the approval of the Court, engage in any extraordinary transactions that would or could result in the issuance of equity or instruments that could be converted into equity, engage in any transactions that are defensive in nature, or issue a circular in respect of the Special Meeting. The Company will provide shareholders with additional information in respect of and related materials in advance of the Special Meeting.
The Company continues to attempt to seek a resolution with parties who have nominated individuals for election at the Special Meeting, and potentially avoid the expense and distraction of a contested shareholder meeting.
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 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
FOR FURTHER INFORMATION, PLEASE CONTACT: Investor Relations: Huss Hirji, VP, Investor Relations, Dye & Durham Limited, Email: [email protected], Phone: 647-323-7193
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