Business
Dye & Durham Announces OSC Relief in Substantial Issuer Bid
Dye & Durham Announces OSC Relief in Substantial Issuer Bid Dye & Durham Announ...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n Dye & Durham Announces OSC Relief in Substantial Issuer Bid\n \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 \n \n Dye & Durham Announces OSC Relief in Substantial Issuer Bid\n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 14, 2023\n \n \n /CNW/ - Dye & Durham Limited (\"\n \n Dye & Durham\n \n \" or the \"\n \n Company\n \n \") (TSX: DND) announced today that, in connection with the Company's ongoing substantial issuer bid (the \"\n \n Offer\n \n \"), the Ontario Securities Commission (the \"\n \n OSC\n \n \") has granted an exemptive relief order permitting Dye & Durham to extend the Offer, if it determines to do so, without first taking up any 3.75% convertible senior unsecured debentures due\n \n March 1, 2026\n \n (the \"\n \n Debentures\n \n \") previously deposited.\n \n \n The Company does not anticipate extending the Offer, and the expiration of the Offer remains\n \n 5:00 PM (Eastern Time)\n \n on\n \n August 30, 2023\n \n . In the event the Offer is extended, the Company will provide a further news release announcing such extension.\n \n \n Please refer to Dye & Durham's press release dated\n \n July 26, 2023\n \n for further details regarding the Offer. Details of the Offer, including instructions for tendering Debentures, are also included in the formal offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (collectively, the \"\n \n Offer Documents\n \n \"), filed by Dye & Durham with the applicable securities regulators and available under Dye & Durham's SEDAR profile at\n \n www.sedar.com\n \n .\n \n \n This news 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, A...