2 Oct 2008 07:00
2 October 2008
Danka Business Systems PLC
("Danka" or the "Company")
Members' Voluntary Liquidation not to be proposed at Annual General Meeting
On 19 September 2008, the Board of Danka (the "Board") announced that, subject to certain regulatory clearances being obtained, it intended to propose a resolution at the Company's Annual General Meeting, which is scheduled to be held no later than 31 October 2008, to approve the entry by the Company into a members' voluntary liquidation.
Danka has been unable to obtain the necessary regulatory clearances and consequently no resolution to approve a members' voluntary liquidation will be proposed by the Board at the Company's Annual General Meeting.
However, the Board intends to convene an Extraordinary General Meeting of the Company as soon as possible to consider and, if thought fit, approve a resolution for the Company to enter a members' voluntary liquidation.
The notice convening the Annual General Meeting will be sent to Danka shareholders today.
This announcement is not intended to, and does not constitute, or form any part of, an offer to sell or an invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the transactions referred to herein or otherwise. Persons who are not resident in the United Kingdom, or who are subject to the laws of any jurisdiction other than the United Kingdom, should inform themselves about, and observe any applicable legal and regulatory requirements.
Enquiries
Danka: Jean Johnson, General Counsel, 00 1 727-456-4460
Weber Shandwick Financial (London)
James Chandler/Laura Vaughan, 020 7067 0700
Evolution Securities Limited (London)
(Sponsor to Danka Business Systems PLC)
Stuart Andrews / Bobbie Hilliam, 020 7071 4300