TORONTO, July 26, 2023 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“) (TSX: DND) announces today the commencement and terms of its previously announced substantial issuer bid (the “Offer“) under which the Company will offer to repurchase for cancellation up to $52,000,000 of its issued and outstanding 3.75% convertible senior unsecured debentures due March 1, 2026 (“Debentures“).