NEW YORK, June 27 /PRNewswire/ -- The following is a letter from DCML LLC to shareholders of Danka Business Services PLC (OTC:DANKY): Fellow Danka Shareholders: DCML would like to congratulate those Danka shareholders who were able to cast their votes on the DOIC transaction and liquidation proposal in a timely manner given the Company's questionable, late delivery of voting materials. By voting against voluntary liquidation, shareholders sent a message that they expect to be treated as meaningful stakeholders, not as dupes who can be deceived, ignored or short-changed.
DCML has filed a complaint against the Company's Board in U.S. District Court, alleging violations of the SEC laws and the Board's fiduciary duties, in connection with the proposed transactions and related proxy (U.S. District Court for the Southern District of New York, Case No. 08-5829).
We remain steadfast in our belief that ordinary shareholders are entitled to an equitable share of the proceeds from the sale of DOIC, and that such distribution substantially exceeds the $0.10/ADS previously offered to shareholders. As a result, we will continue to explore all options available to us to achieve an equitable resolution, and we will contest vigorously any further attempt by the Board and Company management to distribute sale proceeds without regard to the interests of ordinary shareholders.
Respectfully, Robert Andrade Rosty Raykov DCML LLC
212.332.3342
DATASOURCE: DCML LLC CONTACT: Robert Andrade or Rosty Raykov, both of DCML LLC, +1-212-332-3342
|