Original News Release
Dye & Durham responds to Plantro "false statements"
An anonymous director reports
DYE & DURHAM CORRECTS FALSE STATEMENTS MADE BY PLANTRO
Dye & Durham Ltd. has issued the following statement in response to comments made by Plantro Ltd.
"Plantro's press release contains several factual inaccuracies. Dye & Durham is fully committed to a comprehensive strategic review process, and CIBC, the company's financial adviser, has engaged directly with Plantro to understand its proposal.
"Regarding Dye & Durham's financial position and debt agreements, the company is permitted to use up to $30-million of the Credas sale proceeds to repay the revolving credit facility. The repayment of the $30-million from Credas proceeds takes the revolver draws below 35 per cent.
"The test applies only at quarter-end and with the Credas proceeds and normal operating cash management, we will remain in compliance at March 31, 2026."
About Dye & Durham Ltd.
Dye & Durham 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.
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