DNK.L Regulatory News (DNK)

12 Sep 2008 16:29



For immediate release 12 September 2008

Danka Business Systems PLC

("Danka" or the "Company")

TOTAL VOTING RIGHTS

In conformity with the Transparency Directive's transitional provision 6, we would like to notify the market of the following:

As at 31 August 2008, the issued share capital and voting rights of Danka Business Systems Plc are as follows:

Danka Business Systems PLC's share capital consists of 259,148,748 Ordinary shares with voting rights attached (one vote per ordinary share). There are no shares held in Treasury.

In addition, the company had a total of 381,132 participating shares in issue.

Holders of Danka Participating Shares are entitled to as many votes for each Danka Participating Share owned as equals the number of Danka Ordinary Shares into which the Danka Participating Share is convertible. 

The Danka Participating Shares are convertible into Danka Ordinary Shares at a rate per Danka Participating Share calculated by dividing the liquidation return for the Danka Participating Shares, which is $1,000 per Danka Participating Share plus accumulated and unpaid dividends from the last Danka Participating Share dividend payment date, by a conversion price of $3.11 per Danka Participating Share. The Danka Participating Share dividend accumulates on a daily basis; therefore, the conversion rate increases fractionally on a daily basis until the next Danka Participating Share dividend is paid. As at 29 August 2008, the conversion rate was 322.356 Danka Ordinary Shares per Danka Participating Share. The liquidation return is subject to increase in some circumstances if Danka is in default of its payment obligations under the Danka Participating Shares, and the conversion price is subject to increase in some circumstances to protect Danka Participating Shareholders against dilution. 

Therefore the total number of voting rights in Danka Business Systems PLC is 382,008,934.

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