TORONTO, Aug. 29,
2023 /CNW/ - Dye & Durham Limited ("Dye &
Durham" or the "Company") (TSX: DND) today announced the
extension the Company's ongoing substantial issuer bid (the
"Offer"), pursuant to which the Company has offered to
repurchase for cancellation up to $52,000,000 principal aggregate amount of its
issued and outstanding 3.75% convertible senior unsecured
debentures due March 1, 2026 (the
"Debentures"). The expiry date of the Offer has been
extended to 5:00 p.m. (Eastern time)
on September 14, 2023 (the "Expiry
Date"), unless further extended, varied or withdrawn by the
Company. All other terms of the Offer remain unchanged.
Details of the Offer, including instructions for tendering
Debentures, are included in the formal offer to purchase (the
"Offer to Purchase") and issuer bid circular dated
July 25, 2023, as amended by the
notice of variation and extension dated August 29, 2023 (the "Notice of Variation"
and, collectively with the letter of transmittal and the notice of
guaranteed delivery, the "Offer Documents"). The Notice of
Variation will be mailed to debentureholders, filed with applicable
Canadian securities regulatory authorities and made available
without charge on SEDAR at www.sedar.com. Debentureholders should
carefully read the Offer Documents prior to making a decision with
respect to the Offer.
Debentureholders who have validly deposited and not withdrawn
their Debentures are not required to take any further action to
accept the Offer. Debentures previously deposited may be withdrawn
by or on behalf of the depositing debentureholder by following the
procedures set forth in Section 6 of the Offer to Purchase entitled
"Withdrawal Rights". The Company will take up and pay for
Debentures validly deposited under the Offer pursuant to the terms
and conditions of the Offer Documents. Please refer to
Dye & Durham's press release dated July
26, 2023 for further details regarding the Offer.
This press release is for informational purposes only and is not
intended to and does not constitute an offer to purchase or the
solicitation of an offer to sell Debentures. The solicitation and
the Offer are only being made pursuant to the Offer Documents filed
with securities regulatory authorities. DEBENTUREHOLDERS ARE
STRONGLY URGED TO CAREFULLY READ THE OFFER DOCUMENTS AND RELATED
DOCUMENTS FILED WITH SECURITIES REGULATORY AUTHORITIES, AS THEY MAY
BE AMENDED FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION.
FORWARD LOOKING INFORMATION
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, including regarding
the timing and completion of the Offer. 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.
ABOUT DYE & DURHAM LIMITED
Dye & Durham Limited 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.
Additional information can be found at www.dyedurham.com.
SOURCE Dye & Durham Limited