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OneMove Capital Warns Dye & Durham's Board Against Renewed Entrenchment Tactics, Urges Peace
OneMove Capital Warns Dye & Durham's Board Against Renewed Entrenchment Tactics, Urges Peace ...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n\n\nOneMove Capital Warns Dye & Durham's Board Against Renewed Entrenchment Tactics, Urges Peace\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\nOneMove Capital Warns Dye & Durham's Board Against Renewed Entrenchment Tactics, Urges Peace\nCanada NewsWire\n\n\nEncourages Shareholders to Urge the Company to Pursue a Constructive Resolution and Avoid an Unnecessary, Costly Proxy Contest\nOneMove Capital Confirms Its Nominees Are Uniquely Qualified to Address Dye and Durham's Financial and Strategic Challenges\nUnderscores that any Attempt by the Board to Challenge OneMove's Proper Nomination Comes at the Expense of Shareholders\nUrges the Board Not to Use Manufactured Issues as a Pretext to Delay the Annual Meeting and Deny Shareholders a Timely Vote\nBRIDGETOWN, Barbados, Dec. 3, 2025 /CNW/ - OneMove Capital Ltd. (\"OneMove\"), a major shareholder of Dye & Durham Limited (\"Dye & Durham\" or the \"Company\") (TSX: DND), today issued the following statement regarding the Board of Directors' (the \"Board\") latest efforts to entrench itself and disregard shareholder rights, including by raising baseless concerns about OneMove's properly submitted director nomination notice as a potential pretext to invalidate the nomination.\nWe have worked tirelessly to reach a constructive settlement for independent directors to join the Board that would spare the Company and its shareholders from the unnecessary costs and disruption of a proxy contest. Despite our good faith efforts, it has become evident that members of the entrenched Engine Board are more focused on advancing their self-interests and those of management than on pursuing a resolution which serves the best interests of the Company and its shareholders. Shareholders have reached their limit with directors who refuse to act in the best interests of the Company, and that must end immediately with the Board stepping up to settle this matter today. We strongly encourage shareholders to write directly to the Company and make unmistakably clear that decisive and constructive action ...