Director Shareholding
05 Março 2003 - 1:02PM
UK Regulatory
RNS Number:3433I
Danka Business Systems PLC
05 March 2003
5th March 2003
Danka Business Systems PLC
("Danka" or the "Company")
DIRECTORS' SHAREHOLDINGS
The Company announces that a total of 269,472 Ordinary Shares, in the form of
67,368 American Depositary Shares ("ADSs") were today issued to the Company's
non-executive directors pursuant to the terms of the Danka 2002 Outside Director
Stock Compensation Plan ("the Plan"), at a price of $3.08 per ADS (equivalent to
#0.48 per Ordinary Share). Under the terms of the Plan, which was approved at
the Annual General Meeting on 22nd October 2002, each non-executive director is
eligible to be issued with restricted shares to the value of $30,000 as part of
his or her annual compensation. The issue price is the average of 20 days
market prices for the ADSs for the period from 31 October 2002 to 27 November
2002 as required by the plan.
Details of the shares issued to directors and the resulting beneficial interests
in the Company's share capital are as follows:-
Director Number of Aggregate number of Ordinary Percentage of Ordinary
Ordinary Shares/ADSs issued Shares/ADSs beneficially owned Shares in issue
beneficially owned
Kevin C. Daly 38,960/9,740 38,960/9,740 0.01%
Michael B. Gifford 38,960/9,740 54,960/13,740 0.02%
Richard M. Haddrill 38,960/9,740 38,960/9,740 0.01%
W. Andrew McKenna 38,960/9,740 38,960/9,740 0.01%
J. Ernest Riddle 38,960/9,740 58,960/14,740 0.02%
C. Anthony Wainwright 38,960/9,740 56,460/14,115 0.02%
Jaime Ellertson 35,712/8,928 35,712/8,928 0.01%
Each ADS is equivalent to 4 Ordinary Shares
Application is being made to the UK Listing Authority and the London Stock
Exchange in respect of 269,472 Ordinary Shares to be admitted to the Official
List and to trading on the London Stock Exchange in relation to the above issue.
Admission is expected to become effective on 12th March 2003.
-ends-
Enquiries:
Danka Business Systems PLC 020 7605 0150
Paul Dumond, Company Secretary
Weber Shandwick Square Mile 020 7067 0700
Katie Hunt/Sally Lewis
About Danka
Danka delivers value to clients worldwide by using its expert technical and
professional services to implement effective document information solutions. As
one of the largest independent providers of enterprise imaging systems and
services, the company enables choice, convenience, and continuity. Danka's
vision is to empower customers to benefit fully from the convergence of image
and document technologies in a connected environment. This approach will
strengthen the company's client relationships and expand its strategic value.
For more information, visit Danka at www.danka.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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