22/08/2022

Link Group shareholders overwhelmingly approve Dye & Durham acquisition

  • Link Group shareholders to receive base consideration of A$4.81 per share in cash

TORONTO, Aug. 22, 2022 /CNW/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”), a leading provider of cloud-based, efficient workflow software for legal and business professionals, announced today that shareholders of Link Administration Holdings Limited (ASX: LNK) (“Link Group”) have voted overwhelmingly in favour of the Company’s proposed acquisition of Link Group. Under the proposed transaction’s revised scheme implementation deed, Link Group shareholders will receive a base consideration of A$4.81 per Link Group share.

“We’re pleased by the strong support that our offer has received from Link Group shareholders,” said Dye & Durham CEO Matthew Proud. “This is a major step toward successfully completing this transformative transaction and bringing together two global leaders in cloud-based workflow software and digital infrastructure. This deal would enable significant innovation for the benefit of customers around the world and enable us to bring new and exciting products to the markets in which we operate.”

Vivek Bhatia, Link Group CEO, said: “Today’s vote result reflects our shareholders’ excitement about this transaction and the opportunity it represents to create significant and sustainable value. Combining Link Group with Dye & Durham, one of the world’s most rapidly growing technology companies, would create a truly global champion focused on driving efficiency and productivity for business customers. We look forward to working together with Dye & Durham on bringing this deal to a successful conclusion.”

In addition to Link Group shareholder approval, the revised scheme is subject to court and regulatory approvals, including that of the Australian Competition and Consumer Commission (ACCC) and the UK Financial Conduct Authority, and other customary closing conditions.

About Dye & Durham
Dye & Durham Limited is a leading provider of cloud–based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The Company has operations in Canada, the United Kingdom, Ireland and Australia, and has a strong blue-chip customer base that includes law firms, financial service institutions, and government organizations.

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 the Company’s current expectations regarding future events, including statements relating to the Company’s planned acquisition of Link Group and the expected closing of the proposed transaction and with respect to future plans and expected benefits. 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.

Such forward-looking information is necessarily based on a number of opinions, estimates and assumptions. Forward-looking information is also subject to a number of risks and uncertainties, many of which are beyond the Company’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 risk associated with the Company’s and Link Group’s ability to obtain the approvals that are required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risk that the conditions to the transaction are not satisfied on a timely basis or at all and the failure of the transaction to close for any other reason; the risk that a consent or authorization that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated; the outcome of any legal proceedings that may be instituted against the parties and others related to the acquisition agreement; unanticipated difficulties or expenditures relating to the transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction; risks relating to the value of the Company’s common stock to be issued in connection with the transaction; the Company being unable to realize expected synergies; and the diversion of management time on transaction-related issues, as well as the factors discussed under “Risk Factors” in the Company’s most recent annual information form. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Accordingly, investors should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Company’s expectations as of the date of this news release, and are subject to change after such date. The Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as expressly required under applicable law.

Investor Relations: Ross Marshall, Phone: (416) 526-1563, E-mail: [email protected]

Go to Media

LATEST MEDIA

10/07/2024
Press Releases

Dye & Durham Comments on Baseless Litigation Filed by OneMove

The Company believes OneMove’s claim is baseless and without merit and intends to mount a vigorous defence Engine and OneMove, despite holding less than 15% of the Company, rejected offer…

Read more
05/07/2024
Press Releases

Dye & Durham Provides Corporate Governance Update

Board continues to engage with nominating shareholders in attempt to find an amicable settlement Director Leslie O’Donoghue to step down to help facilitate a resolution TORONTO, July 5, 2024 /CNW/ – Dye & Durham Limited…

Read more
02/07/2024
Press Releases

Dye & Durham Announces Receipt of Director Nomination and Rejection of Shareholder Proposal

TORONTO, July 2, 2024 /CNW/ – Dye & Durham Limited (the “Company” or “Dye & Durham“) (TSX: DND) announced today that OneMove Capital Ltd. (formerly known as Seastone Invest Limited) (“OneMove“) provided the…

Read more
24/06/2024
Press Releases

Dye & Durham Announces Expiry of its Substantial Issuer Bid

TORONTO, June 24, 2024 /CNW/ – Dye & Durham Limited (the “Company” or “Dye & Durham“) (TSX: DND) announced today the expiry of its substantial issuer bid (the “Offer“) to purchase for cancellation up to $185,000,000 in aggregate…

Read more
29/05/2024
News

Dye & Durham Makes Legal Information Accessible and Immediate with the Launch of DeeDee, Your Legal Information AI Assistant

First generative AI-enabled offering from Dye & Durham designed to make sourcing and understanding legal information fast and simple DeeDee makes it easy for solo, small and medium-sized law firms…

Read more
17/05/2024
News

Dye & Durham Announces Commencement of Issuer Bid

TORONTO, May 17, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“) (TSX: DND) announces today the commencement and terms of its previously announced substantial issuer bid (the “Offer“) under…

Read more
14/05/2024
News

Dye & Durham Reports Third Quarter Fiscal 2024 Financial Results and Announces Substantial Issuer Bid

Revenue up 16% to ~$107 million year-over-year, taking into consideration the TM Group divestiture Adjusted EBITDA of ~$60 million $185 million Substantial Issuer Bid to repurchase all remaining 3.75% convertible senior unsecured debentures due March…

Read more
07/05/2024
News

Dye & Durham to Host Third Quarter Fiscal 2024 Conference Call

TORONTO, May 7, 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 a…

Read more
25/04/2024
Press Releases

Dye & Durham Responds to Engine Capital

TORONTO, April 25, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“), (TSX: DND) one of the world’s largest providers of cloud-based legal practice management software designed to make…

Read more
25/04/2024
News

Dye & Durham and Athennian announce the upcoming launch of Unity® Entity Management

Dye & Durham and Athennian join forces to launch Unity® Entity Management Unity® Entity Management will be available to all Dye & Durham customers through the Unity® Global Platform, providing law…

Read more
15/04/2024
Press Releases

Dye & Durham Provides Update on its Previously Announced Shareholder Meeting

TORONTO, April 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…

Read more
11/04/2024
Press Releases

Dye & Durham Announces Closing of USD $905 million Refinancing Transactions

Provides enhanced financial flexibility to execute upon strategic priorities Estimated annualized net interest cost savings of approximately CAD $20 million  TORONTO, April 11, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham“) (TSX: DND) today…

Read more