NEW YORK, June 24 /PRNewswire/ -- The following is a letter from DCML LLC to shareholders of Danka Business Services PLC (OTC:DANKY): Fellow Danka Shareholders: DCML has concluded that we will not support the decoupling of the sale of DOIC from Konica Minolta or the voluntary liquidation proposal. And we plan to call for an extraordinary shareholder meeting to replace the Board and defend shareholder's interests.
As mentioned in prior releases, Danka's management and Board are concerned that shareholders may not vote in favor of this distribution outcome, so they are improperly attempting to control the vote by voting the shares of all holders who do not otherwise vote themselves. These efforts are highly questionable and in our opinion unethical, in the context that the Board excluding Cypress Investment Group controls less than 0.45% of the shares.
Nevertheless, DCML remains steadfast in our belief of substantially excess value to the paltry $0.10 offered and will continue to move forward with all options necessary to cause shareholder interests to be again taken seriously within Danka.
We urge shareholders to review their amended proxy voting instructions and cast your OWN vote.
Respectfully, Robert Andrade Rosty Raykov DATASOURCE: DCML LLC CONTACT: Robert Andrade or Rosty Raykov, both of DCML LLC, +1-212-332-3342
|