DYE & DURHAM ANNOUNCES TORONTO STOCK EXCHANGE DEFERRAL OF CONSIDERATION OF SHAREHOLDER RIGHTS PLAN

Executive Summary

• The Toronto Stock Exchange has deferred consideration of Dye & Durham’s limited‑duration shareholder rights plan (SRP) pending confirmation that securities regulators will not intervene under National Policy 62‑202.
• The deferral does not affect the adoption or operation of the SRP, which remains effective for a minimum six‑month period to support the Company’s strategic review.
• The SRP is intended as a defensive measure while Dye & Durham completes its orderly strategic review process.

Key Details

• TSX notification: acceptance of the SRP will be deferred until regulatory clearance is confirmed under National Policy 62‑202 (Take‑Over Bids – Defensive Tactics).
• The SRP remains operative and effective for at least six months from adoption, unless terminated earlier per the plan’s terms.
• Purpose of the SRP: to provide a defensive mechanism during the Company’s strategic review, ensuring fairness to all shareholders.
• The SRP’s limited duration is designed to give sufficient time for substantial completion of the strategic review.
• A copy of the shareholder rights plan agreement is available on Dye & Durham’s SEDAR+ profile (www.sedarplus.com).

Notable Quotes

(No direct quotes were provided in the release.)