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Dye & Durham Announces Results of Substantial Issuer Bid

Newswire.ca - Tue Jan 16, 6:00AM CST

TORONTO, Jan. 16, 2024 /CNW/ - Dye & Durham Limited (the "Company" or "Dye & Durham") (TSX: DND) announced today that its substantial issuer bid (the "Offer") to purchase up to $160,000,000 in aggregate principal amount of 3.75% Senior Unsecured Convertible Debentures due March 1, 2026 (the "Original Debentures") has been oversubscribed. As the Offer is oversubscribed, and assuming no withdrawals prior to the take up and payment for the tendered Original Debentures, elections made by holders of the Original Debentures tendering to the offer are subject to proration as described in the Offer to Purchase and Circular and Notices of Variations (each as defined below).

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