Danka Makes Announcement Regarding Sale of DSI.Business Editors ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 27, 2001 Danka Business Systems PLC (Nasdaq:DANKY) today announced that it has adjourned the Extraordinary General Meeting to approve the sale of its facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. division, Danka Services International ("DSI (Dynamic Systems Initiative) An umbrella term for a suite of Microsoft products that help manage the Windows environment in large enterprises. DSI was introduced in 2003. "). The meeting has been reconvened for 10:00 a.m., London time, Friday, June 29, 2001 at the offices of Square Mile 6 Middle Street, London EC1A 7PH. The Company has received proxies to vote on the resolution to approve the sale of DSI from shareholders holding approximately 31% of the shares entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to vote on the resolution. Of these proxies, approximately 99.9% are in favor of the resolution and less than 0.1% are against the resolution. The quorum A majority of an entire body; e.g., a quorum of a legislative assembly. A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business. for the Extraordinary General Meeting is three shareholders present in person or by proxy and a majority of the shareholders who vote on the resolution is required to pass the resolution. In addition, it was announced today that the UK Secretary of State for Trade and Industry will not refer the acquisition of DSI by Pitney Bowes  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc. to the UK Competition Commission. This completes the review of the acquisition of DSI by the UK competition authorities. Certain statements contained in this press release, including statements related to the closing of the sale of DSI, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date they are made. |
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