02:15:43 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Dye & Durham Ltd
Symbol DND
Shares Issued 66,887,879
Close 2024-04-24 C$ 15.04
Market Cap C$ 1,005,993,700
Recent Sedar Documents

Dye & Durham responds to Engine Capital letter

2024-04-25 15:37 ET - News Release

Mr. Huss Hirji reports

DYE & DURHAM RESPONDS TO ENGINE CAPITAL

Dye & Durham Ltd. has responded to a public letter issued by Engine Capital LP.

The board of directors has patiently engaged with Engine and its joint actors over the past several months. Unfortunately, despite the best efforts of the board, Engine continues to display a stunning lack of understanding of the key value drivers of Dye & Durham's business. Engine's letter grossly mischaracterizes the company's record of value creation, operational efficiency and approach to capital allocation, and is reflective of its superficial understanding of the business, its history and its future. Engine's letter contains many basic factual errors.

Dye & Durham is performing extremely well. The board and management team are aligned with shareholders, and continue to drive disciplined execution and opportunities to enhance long-term shareholder value. The company has done this while ensuring it has a robust capital structure that preserves Dye & Durham's financial flexibility. The board is committed to acting in the best interests of all of the company's stakeholders, and it will continue to welcome the opportunity to continue to engage in good faith with all shareholders.

About Dye & Durham Ltd.

Dye & Durham 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 Kingdom, Ireland, Australia and South Africa.

We seek Safe Harbor.

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