02:33 PM EST, 12/13/2024 (MT Newswires) -- Engine Capital, which has a 7.1% stake in Dye & Durham ( DYNDF ) Friday afternoon announced that more than 63% of Dye & Durham's ( DYNDF ) outstanding shares have voted on Engine's 'Blue Proxy Card' with, it said, most of the outstanding shares voted in favour of each of Engine's six nominees to the company's board.

Based on the proxies deposited today, Engine expects that its entire slate will be elected, once it casts its ballots at the Dec. 17 Annual Meeting.

"Based on the Blue proxies deposited with Dye & Durham ( DYNDF ) today, all six of Engine's nominees will receive more than 50% of the votes to be cast at the Annual Meeting," said Arnaud Ajdler, Founder and Portfolio Manager of Engine.

Dye & Durham ( DYNDF ) was down $0.17 at $19.57 on the Toronto Stock Exchange shortly after this news came out, but at last look was up by more than 4%.

Price: 20.50, Change: +0.76, Percent Change: +3.85