Ms. Carmela Antolino reports
DYE & DURHAM PROVIDES BI-WEEKLY DEFAULT STATUS REPORT
Dye & Durham Ltd. has provided this biweekly default status report in accordance with National Policy 12-203, Management Cease Trade Orders.
On Oct. 1, 2025, the company announced that, at the request of the company, the Ontario Securities Commission (OSC) issued a temporary and voluntary management cease trade order (MCTO) against the company under NP 12-203 in connection with the company's delayed filing of its: (i) audited consolidated financial statements for the fiscal year ended June 30, 2025; (ii) management discussion and analysis relating to the annual financial statements; and (iii) chief executive officer and chief financial officer certificates relating to the annual financial statements. The annual filings were required to be filed by Sept. 29, 2025.
The MCTO prohibits the company's chief executive officer and chief financial officer from trading in and acquisitions of, whether directly or indirectly, securities of the company until two full business days following receipt by the OSC of the annual filings. The MCTO does not restrict or affect the ability of other shareholders or investors to trade in the company's securities.
Pursuant to NP 12-203, Dye & Durham must file biweekly default status reports by way of news releases during the period of the MCTO. The company confirms that, since Oct. 1, 2025, being the date the company announced the issuance of the MCTO: (i) there has been no material change to the information contained in the MCTO announcement; (ii) there has been no failure to fulfill its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default subsequent by the company under NP 12-203; and (iv) there is no other material information concerning the affairs of the company that has not been generally disclosed.
Dye & Durham is working with its advisers and its auditor to complete the previously disclosed review process with the OSC as quickly as possible. Preparation of the annual financial statements and audit work are continuing in parallel with the company's engagement with the OSC on the issue-oriented review letter in order to allow the company to file the annual filings as soon as possible following completion of the OSC review process. Until the filing of the annual filings and during the period of the MCTO, the company will follow the provisions of the alternative information guidelines as required by NP 12-203.
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. The company has operations in Canada, the United Kingdom, Ireland, Australia and South Africa.
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