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DH Corp (DH.TO)

DH.TO on Toronto Stock Exchange

23.44CAD
21 Feb 2017
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Latest Key Developments (Source: Significant Developments)

DH Corporation confirms process, formation of special committee
Wednesday, 7 Dec 2016 01:31pm EST 

Dh Corp : Dh corporation confirms process and formation of special committee . Special Committee has retained Credit Suisse and RBC Capital markets as its financial advisors . Special Committee has retained Stikeman Elliott LLP as legal advisor to assist in the effort . No formal offers have been received and there can be no assurances that any transaction will result from this process .Acknowledged process has been established by Board to address expressions of interest from certain third parties to acquire DH.  Full Article

DH Corp announces reallocation of capital and reduction in dividend
Monday, 21 Nov 2016 07:00am EST 

DH Corp - : DH Corporation announces reallocation of capital and reduction in dividend to further its transformation as a leading fintech company . Says board of directors has determined to reduce quarterly dividend from $0.32 per share to $0.12 per share, effective January 1, 2017 .Says cash totaling approximately $85.5 million is anticipated to be available in 2017 through dividend reduction.  Full Article

DH Corp Q2 adjusted earnings per share C$0.55
Tuesday, 26 Jul 2016 06:11pm EDT 

DH Corp : D+H announces second quarter 2016 earnings and realignment of global operations . Q2 earnings per share C$0.05 . Q2 revenue C$424 million versus I/B/E/S view C$421.6 million . Q2 earnings per share view c$0.52 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share C$0.55 . Company has realigned organization, in which expected gross savings of approximately $53 million are offset by investments in new positions . Says net savings are expected starting in middle of Q3 . Restructuring-Related expenses are estimated to be between $30 million and $32 million, and will be recognized primarily in 2016 . During 2016 company expects to achieve net savings of approximately $19 million of which 30% has been realized through end of Q2 . Says will begin reporting under new business segments commencing in Q1 of 2017 . "In U.S and Canada, while economic outlook is mixed, we see no new changes that impact our current business in these markets" in 2H . Says estimated net savings of $25 million in annualized compensation and related cost savings from realignment . Says restructuring-related expenses totaling $22.0 million and $28.8 million have been recorded in Q2 and year-to-date in 2016 . Says will continue to manage and report financial results for GTBS, L&IC and Canada through end of 2016 .Sets quarterly dividend of $0.32 per share.  Full Article

DH Corp declared a quarterly dividend
Monday, 27 Jul 2015 04:00pm EDT 

DH Corp:Says that it has declared a quarterly dividend of $0.32 per common share payable on Sept. 30, 2015.Paid to shareholders of record at the close of business on Sept. 16, 2015.  Full Article

DH Corp completes acquisition of Fundtech
Thursday, 30 Apr 2015 08:51am EDT 

DH Corp:Completes $1.25 billion acquisition of Fundtech.  Full Article

DH Corporation declares quarter dividend
Tuesday, 28 Apr 2015 05:00pm EDT 

DH Corporation:Declares a quarterly dividend of $0.32 per common share.Payable on June 30 to shareholders of record at the close of business on June 1.  Full Article

DH Corp to acquire Fundtech and announces $826,175,000 bought deal financing
Monday, 30 Mar 2015 03:48pm EDT 

DH Corp:Enters into definitive agreement to acquire Fundtech, for cash consideration of $1.25 billion.In conjunction with acquisition, enters into an agreement with a syndicate of underwriters , co-led by CIBC, RBC Capital Markets and Scotiabank.Pursuant to which they have agreed to purchase, on a bought deal basis, from D+H and sell to the public (i) 16,500,000 subscription receipts, at a price of $37.95 per subscription receipt, for gross proceeds of $626,175,000.Also $200,000,000 of 5 pct extendible convertible unsecured subordinated debentures, for aggregate gross proceeds of $826,175,000.Says net proceeds of offering will be used to fund a portion of purchase price for acquisition.Says debentures will have an initial maturity date of termination date, which will be automatically extended to Sept. 30, 2020 upon closing of acquisition.Says debentures will have an interest rate of 5 pct per annum payable semi-annually in arrears on the last day of June and Dec. in each year commencing June 30.Offering is expected to close on or about April 9.  Full Article

More From Around the Web

Canada pension fund, U.S. buyout firms eye DH Corp

TORONTO Canada Pension Plan Investment Board and several U.S. private equity firms are interested in acquiring Canadian financial technology services provider DH Corp , according to people familiar with the situation.