Exchange Bulletin
Dye & Durham Limited (DND) To Trade On Toronto Stock Exchange
July 15, 2020
| Issuer: | Dye & Durham Limited (the "Company") |
| Security: | Common shares (the "Shares") |
| Symbol(s): | DND |
| Issue price per security: | $7.50 |
| Number of securities issued and outstanding: | 41,330,600 |
| Number of securities reserved for issuance: | 8,163,962 |
| Listing category: | Industrial, Non Exempt |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering (the "Offering"). |
| Listing date: | July 16, 2020 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | July 17, 2020 (prior to the opening) |
| Posted for trading date: | July 17, 2020 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Citadel Securities Canada ULC |
| Security ownership registration: | Non-certificated inventory |
| Investor relations: | Matthew Proud Chief Executive Officer 416-640-7100 Email: matthew.proud@dyedurham.com -and- Charlie Maccready General Counsel 416-640-7100 Email: charlie.maccready@dyedurham.com |
| Incorporation: | Business Corporations Act (Ontario) |
| Fiscal year end: | June 30 |
| Nature of business: | The Company is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical information services and workflow, which clients use to manage their process, information and regulatory requirements. |
| Transfer agent and registrar: | Computershare Trust Company of Canada at its principal office in Toronto. |
| Dividends: | Following completion of the Offering, the Company intends to pay an annual dividend on its Shares, initially at a rate of $0.075 per share. The declaration and payment of dividends on the Shares are at the sole discretion of the Board of Directors, but will be dependent upon the Company's results of operations, financial condition, cash requirements, and other relevant factors. |
| Sponsorship: | Waived |
| Disclosure document: | Prospectus dated July 13, 2020 which is available at www.SEDAR.com. |
| Initial public offering: | A total of 20,000,000 Shares are being offered to the public, of which: (i) 17,000,000 Shares are being sold by the Company from treasury; and (ii) 3,000,000 Shares are being sold through a secondary offering by the Selling Shareholders at a price of $7.50 per share (the "Offering Price"). In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 3,000,000 Shares from treasury at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange. |