20th Dec 2006 17:20
Danka Business Systems PLC20 December 2006 For immediate release 20 December 2006 Danka Business Systems PLC ("Danka" or the "Company") DIRECTORS' SHAREHOLDINGS The Company announces that a total of 619,328 Ordinary Shares, in the form of154,832 American Depositary Shares ("ADSs") were issued on 20 December 2006 tothe Company's non-executive directors pursuant to the terms of the Danka 2002Outside Director Stock Compensation Plan ("the Plan"), at a price of $1.55 perADS (equivalent to £0.20 per Ordinary Share). Under the terms of the Plan, whichwas approved at the Annual General Meeting on 22nd October 2002, eachnon-executive director is eligible to be issued with restricted shares to thevalue of $30,000 as part of his or her annual compensation. The issue price isthe average of 20 days market prices for the ADSs for the period from 10November 2006 to 8 December 2006, as required by the Plan. Details of the shares issued to directors and the resulting beneficial interestsin the Company's share capital are as follows:- Director Number of Aggregate number Percentage of Ordinary Ordinary Shares/ADSs of Ordinary Shares Shares in issue issued /ADSs beneficially beneficially owned ownedKevin C. Daly 77,416 / 19,354 197,024 / 49,256 0.077David J. Downes 77,416 / 19,354 123,680 / 30,920 0.048Jaime W. Ellertson 77,416 / 19,354 193,776 / 48,444 0.075W. Andrew McKenna 77,416 / 19,354 197,024 / 49,256 0.077J. Ernest Riddle 77,416 / 19,354 217,024 / 54,256 0.084Erik Vonk 77,416 / 19,354 150,252 / 37,563 0.058Joseph Parzick 77,416 / 19,354 77,416 / 19,354 0.030Chris Harned 77,416 / 19,354 137,416 / 34,354 0.053 Each ADS is equivalent to 4 Ordinary Shares Application is being made to the UK Listing Authority and the London StockExchange in respect of 619,328 Ordinary Shares to be admitted to the OfficialList and to trading on the London Stock Exchange in relation to the above issue. Admission is expected to become effective on Friday 29th December 2006. -ends- Enquiries: Danka Business Systems PLC 020 7605 0150Paul Dumond, Company Secretary 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 largest 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 at www.danka.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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