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Dye & Durham Announces Failure-to-File Cease Trade Order
Dye & Durham Announces Failure-to-File Cease Trade Order Dye & Durham Announces F...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n\n\nDye & Durham Announces Failure-to-File Cease Trade Order\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\nDye & Durham Announces Failure-to-File Cease Trade Order\nCanada NewsWire\n\n\nTORONTO, Dec. 15, 2025 /CNW/ - Dye & Durham Limited (the \"Company\" or \"Dye & Durham\") (TSX: DND) announced today that the Ontario Securities Commission (the \"OSC\") has issued a failure-to-file cease trade order (the \"FFCTO\") pursuant to National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions against the Company as a result of the Company's failure to file its: (i) audited consolidated financial statements for FY 2025 (the \"Annual Financial Statements\"), (ii) management's discussion and analysis relating to the Annual Financial Statements, and (iii) CEO and CFO certificates relating to the Annual Financial Statements (collectively, the \"Annual Filings\"). The Company has also been delayed in filing its (i) unaudited consolidated financial statements for the first quarter of FY 2026 (the \"Q1 Financial Statements\"), (ii) management's discussion and analysis relating to the Q1 Financial Statements, and (iii) CEO and CFO certificates relating to the Q1 Financial Statements (collectively, the \"Q1 Filings, and together with the Annual Filings, the \"Required Filings\").\nAs disclosed in the Company's press release dated October 1, 2025, the OSC had previously granted a management cease trade order (the \"MCTO\") which prohibited 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 Required Filings. To provide the Company with additional time to complete and file the Required Filings, upon application by the Company, the OSC granted an extension of the MCTO until December 13, 2025 (the \"MCTO Deadline\"). As the Company was not able to file the Required Filings by the MCTO Deadline, the OSC has ordered that the MCTO be revoked and concurrently i...