Matthew Proud, Plantro and the Battle Over Dye & Durham
This page covers only public-business matters: Matthew Proud's former CEO role, Plantro ownership, the special-meeting requisition, the sale campaign, the cooperation agreement, the acquisition proposal, its withdrawal, and the disclosed legal dispute with the company. It does not investigate private personal life.
Public-business role
Matthew Proud is a former CEO of Dye & Durham. Through Plantro Ltd., an entity linked to him, he became an activist shareholder in 2025, requisitioning a special meeting of shareholders, calling for board changes and a sale of the company, and making — then withdrawing — an acquisition proposal. This page covers only public-business matters and does not investigate private personal life.
- Plantro (linked to Matthew Proud), July 2025
Requisitioned a shareholder meeting to reconstitute the board and pursue a sale.
- Plantro, July 2025
Alleged approximately C$1 billion of shareholder value had been destroyed.
- Plantro, Oct 2025
Made an unsolicited acquisition proposal for Dye & Durham, later withdrawn.
Timeline of public-business events
- Former CEO: Matthew Proud served as CEO of Dye & Durham (departed 2024).
- July 2025: Plantro requisitioned a shareholder meeting and called for a sale.
- July 2025: Dye & Durham announced a strategic review.
- Oct 2025: Plantro made an acquisition proposal; the company's strategic committee reviewed it.
- 20 Oct 2025: Plantro withdrew its proposal.
- Oct 2025: Dye & Durham disclosed a legal action against Plantro.
Related
Frequently asked questions
Who is Matthew Proud?
Matthew Proud is a former CEO of Dye & Durham. He is linked to Plantro Ltd., the activist shareholder that requisitioned a meeting and called for a sale of the company.
What is Matthew Proud's relationship to Plantro?
Plantro Ltd. is linked to Matthew Proud. This site covers only public-business matters related to that relationship.