09:21 AM EDT, 07/02/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) announced Tuesday that OneMove Capital nominated Eric Shahinian to stand for election at the special meeting of shareholders on August 20, bringing to five the number of nominees for three contested board seats.

Dye & Durham ( DYNDF ) says it will honour its obligations under the investor rights agreement (IRA) with OneMove Capital and nominate Shahinian as a director at the Special Meeting.

OneMove has also submitted a shareholder proposal seeking to remove Edward Prittie as director, which Dye & Durham ( DYNDF ) has rejected. It said, "the Board believes that the Proposal is an attempt by OneMove to redress a personal grievance against Mr. Prittie, for refusing to comply with OneMove's demands."

Dye & Durham ( DYNDF ) noted that OneMove had designated Prittie as its nominee under the IRA since the company's IPO, and re-nominated him annually since. Since the IPO he has also over 90% support at each of Dye & Durham's ( DYNDF ) annual meetings of shareholders, most recently receiving 96.67% of the votes cast for his re-election at the 2023 annual Meeting.