Danka Business Systems shareholders to decide planned liquidation

By Lisa Kerner

Charlotte, N.C., Oct. 2 - Danka Business Systems plc will convene an extraordinary general meeting following its 2008 annual meeting to be held Oct. 31 in London.

Shareholders will be asked to approve a resolution for Danka to enter into a members' voluntary liquidation, according to a schedule 14A filed with the Securities and Exchange Commission.

The date of the extraordinary general meeting has not been set.

As previously reported, Danka believes that since the sale of Danka Office Imaging Co. to Konica Minolta Corp., the company has no reason to exist.

The liquidation has been strongly opposed by Danka shareholder DCML LLC.

Danka Business Systems, based in St. Petersburg, Fla., provides office imaging equipment, software, support and related services and supplies in the United States.

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