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Dye & Durham Provides Update Regarding Financial Statements and Annual General and Special Meeting of Shareholders
Dye & Durham Provides Update Regarding Financial Statements and Annual General and Special Me...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n\n\nDye & Durham Provides Update Regarding Financial Statements and Annual General and Special Meeting of Shareholders\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 Provides Update Regarding Financial Statements and Annual General and Special Meeting of Shareholders\nCanada NewsWire\n\n\nTORONTO, Dec. 23, 2025 /CNW/ - Dye & Durham Limited (the \"Company\" or \"Dye & Durham\") (TSX: DND) today announced that it will be further delayed in filing its audited consolidated financial statements for fiscal year 2025 (the \"Annual Financial Statements\") and its quarterly unaudited consolidated financial statements for the fiscal quarter ended September 30, 2025 (the \"Q1 Financial Statements\", and, together with the Annual Financial Statements, the \"Financial Statements\"), along with the related management discussion and analysis and CEO and CFO certificates relating to the Financial Statements (collectively, the \"Required Filings\"). As a result of the delay in filing the Annual Financial Statements, the Company also announced that it will apply to court for further relief to reschedule its annual general and special meeting of shareholders (the \"Meeting\"), which was scheduled to be held on December 31, 2025.\nFinancial Statements\nThe auditor has advised it requires additional time to review certain historical accounting practices relating to revenue recognition of the Company's prior management. The matters being assessed are relevant to the periods covered by the current and previously filed audited financial statements and as a result are also relevant to the current audit. The Company's current management has reviewed these same matters and has concluded that the cumulative adjustments to the financial statements related to prior audit periods would be immaterial.\nThe Company's management has provided all working papers to the Company's auditor and continues to provide information as requested to allow the auditor and management to consider the Company's past accounting practices and complete the audit. The auditor has informed the Comp...