Danka announces investment of shares by executive officers.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 4, 1995--Danka Business Systems PLC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DANKY) (the "company") Thursday announced the following acquisition and retention of Ordinary shares by executive officers, pursuant to the partial exercise of share options. On May 3, 1995, Daniel M. Doyle acquired 500,000 Ordinary shares (125,000 ADS equivalents), at an exercise price of 0.125 Pounds Sterling per share. Also on May 3, 1995, David C. Snell Snell , George 1903-1996. American geneticist. He shared a 1980 Nobel Prize for discoveries concerning cell structure that enhanced understanding of the immunological system, resulting in higher success rates in organ transplantation. acquired 133,332 Ordinary shares (33,333 ADS equivalents), at an exercise price of 0.4458 Pounds Sterling per share. These options were acquired through their employment with the company. Both executive officers have informed the company that they are acquiring these shares for investment purposes, and have no present intention of selling them. Danka Business Systems PLC, headquartered in St. Petersburg, is one of the largest and fastest growing independent suppliers of automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. office equipment and related services and supplies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the United Kingdom. Danka's ADSs are listed on the NASDAQ/NMS and its Ordinary shares are listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . CONTACT: Danka Business Systems PLC, St. Petersburg William T. Freeman, 813/576-6003 or Paul G. Dumond, 011-44171-603-1515 (London) |
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