Grant Of Options

16 Aug 2005 14:01

Danka Business Systems PLC16 August 2005 For immediate release 16 August 2005 Danka Business Systems PLC ("Danka" or "the Company") Danka announces award of options to Chief Financial Officer Ed Quibell Danka Business Systems PLC, a leading independent global provider of officeimaging systems and services, announces that, as previously announced, EdQuibell joined the Company on 1 August 2005 and assumed the role of ChiefFinancial Officer on 9 August 2005. Mr Quibell was awarded options in respect of 300,000 American depositary shares(equivalent to 1,200,000 ordinary shares) in the Company, each with an exerciseprice of $2.15. 100,000 of these options vest on 3 August 2006; 100,000 vest on3 August 2007 and the remaining 100,000 vest on 3 August 2008. - ends - Enquiries: Danka Business Systems PLC Paul Dumond, Company Secretary 020 7605 0150 Donald W. Thurman, Investor Relations 00 1 770 280 3990 Weber Shandwick Square Mile 020 7067 0700Helen Thomas About Danka Danka delivers value to clients worldwide by using its expert technical andprofessional services to implement effective document information solutions. Asone of the leading independent providers of enterprise imaging systems andservices, the company enables choice, convenience, and continuity. Danka'svision is to empower customers to benefit fully from the convergence of imageand document technologies in a connected environment. This approach willstrengthen the company's client relationships and expand its strategic value.For more information, visit Danka's web site at www.danka.com. Certain statements contained in this press release, including statements relatedto Danka's future business and financial performance, are forward-looking. Suchstatements reflect the current views of Danka with respect to future events andare subject to certain risks, uncertainties and assumptions that could causeactual results to differ materially from those reflected in the forward-lookingstatements. Readers are cautioned not to place undue reliance on these forwardlooking statements, which reflect management's analysis only as of the date theyare made. Danka is a registered trademark and Danka @ the Desktop is a trademark of DankaBusiness Systems PLC. All other trademarks are the property of their respectiveowners. This information is provided by RNS The company news service from the London Stock Exchange