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