11:43 AM EST, 11/12/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) , under investigation by the Competition Bureau and facing a proxy battle, on Tuesday released a detailed presentation to shareholders that outlines its 'Value Creation Plan', it said will drive sustainable long term value for all stakeholders.

The company, which makes software for the legal market, said it intends to hold an Investor Briefing in early December.

The company also announced seven director nominees who will stand for election at the annual meeting of shareholders scheduled for Dec. 17. Along with the competition investigation, it also faces a proxy battle with shareholder Engine Capital, which holds a 7.1% stake and is putting up its own slate of directors at the meeting.

According to the company's statement, its slate of nominees are "experienced leaders who understand Dye & Durham's ( DYNDF ) business and have proven track records in software, technology, capital allocation, accounting, and corporate governance. The nominees possess the necessary skills, experience, and fresh shareholder focused perspective to support the company's continued disciplined execution of its strategy".

Dye & Durham ( DYNDF ) was last seen down $0.60 to $17.16 on the Toronto Stock Exchange.

Price: 17.23, Change: -0.53, Percent Change: -2.98