- Link Group shareholders to receive base consideration of
A$4.81 per share in an all-cash
offer
- Link Group board unanimously recommends shareholders vote in
favour of revised price
TORONTO, July 21,
2022 /CNW/ - Dye & Durham Limited (TSX: DND)
("Dye & Durham" or the "Company"), a leading provider of
cloud-based, efficient workflow software for legal and business
professionals, announced today that the Company and Link
Administration Holdings Limited (ASX: LNK) ("Link Group") have
reached a revised agreement with respect to Dye & Durham's
proposed acquisition of Link Group.
Dye & Durham and Link Group have agreed to amend the
proposed transaction's scheme implementation deed ("SID") to
reflect a reduced base consideration of A$4.81 per Link Group share in an all-cash
offer.
Link Group's board has unanimously recommended that Link Group
shareholders vote in favour of the revised SID.
Link is currently finalizing a date for its shareholder vote on
the revised scheme. In addition to Link Group shareholder approval,
the revised scheme is subject to court and regulatory approvals,
including that of the Australian Competition and Consumer
Commission (ACCC) and the UK Financial Conduct Authority, and other
customary closing conditions.
About Dye & Durham
Dye & Durham Limited is a leading provider of cloud–based
software and technology solutions designed to improve efficiency
and increase productivity for legal and business professionals. Dye
& Durham provides critical information services and workflows,
which clients use to manage their process, information and
regulatory requirements. The Company has operations in Canada, the United
Kingdom, Ireland and
Australia, and has a strong
blue-chip customer base that includes law firms, financial service
institutions, and government organizations.
Additional information can be found at www.dyedurham.com
SOURCE Dye & Durham Limited