Danakali Share Discussion Threads

[zagrem] 19/2/2008 11:52

Errrm 37k wonder who that could be. Hello again chancer, you're an enthusistic poster aren't you. L.o.l Keep it up.

[chancer6] 19/2/2008 11:45

Some more profit takers cleared out after yesterday...again as always size of sells a lot smaller than buys by a mile...someone just picked up 37K at 5.50p:

19/02/2008 11:43:03 5.00 10,963 O 548.70
19/02/2008 11:42:27 5.00 10,000 O 500.50
19/02/2008 11:42:20 5.50 37,852 O 2,079.97
19/02/2008 11:41:56 5.01 15,000 O 752.25
19/02/2008 11:41:23 5.01 10,000 O 501.50
19/02/2008 11:40:54 5.01 25,000 O 1,253.75
19/02/2008 11:40:12 5.00 30,000 O 1,500.60
19/02/2008 11:39:36 5.02 25,000 O 1,255.75
19/02/2008 10:58:40 5.02 15,294 O 768.22
19/02/2008 09:28:36 5.92 60,000 O 3,550.20
19/02/2008 08:46:31 5.02 28,000 O 1,406.44
19/02/2008 08:37:52 5.02 40,000 O 2,009.20

[chancer6] 19/2/2008 09:35

60,000 buy has just come through on PLUS at a premium at 5.92p:

19/02/2008 09:28:36 5.92 60,000 O 3,550.20

[chancer6] 19/2/2008 09:15

L2 is 3 v 1 now with JEFF moving to the bid and 6p offer, just EVO on 5.80p despite taking a couple more sells on PLUS this morning. My large buyer is due to pick up another 100-200K.

[piedpiper2] 18/2/2008 16:20

Sounds like good news to me. Well found !

[chancer6] 18/2/2008 16:19

Looks okay to me and he has taken a pay cut in the past.

[roorontev] 18/2/2008 16:08

RNS Number:2431O
Danka Business Systems PLC
18 February 2008


For Immediate Release 18 February 2008

Danka Business Systems PLC
("Danka" or "the Company")

Danka Enters into Long Term Incentive Plan, Amends Change of Control Service
Agreement with CEO and Chairman A.D. Frazier

On February 15, 2008, Danka Business Systems PLC (the "Company") entered in to a
Long Term Incentive Plan (the "Plan") with A.D. Frazier (the "Executive") , its
Chief Executive Officer, effective January 1, 2008. The Plan will be an
unsecured, unfunded general obligation of the Company.

The Plan is intended to provide a cash-based incentive opportunity (the
"Incentive Award") to the Executive upon attainment of the Annual Operating
Income Targets (as specified in the Company's five-year plan) for five
consecutive calendar year periods (the "Plan Term"), beginning on January 1,
2008 (the "Plan Effective Date"). The Plan provides for a maximum annual credit
in the amount of $825,000 per annual award period, subject to the attainment of
the Annual Operating Income Targets for that award period, with a maximum
aggregate five-year payout at the end of the Plan Term of $4,125,000. The Annual
Operating Income Targets may be achieved on a cumulative basis. At the end of
the Plan Term or, if earlier, the time that the Executive's employment is
terminated for certain reasons (described below) prior to the end of the Plan
Term, the Executive will be entitled to receive the Incentive Award based on the
following terms:

* At the end of the Plan Term, provided that the Executive remains
employed until such time: 100% of amounts credited to the Executive during
the Plan Term.

* Upon termination prior to the end of the Plan Term for "Good Reason" or
for other than "Cause" (as those terms are defined in the Agreement), the
Executive will be entitled to the following:

The sum of (1) and (2), but in no event less than $412,500:

(1) For completed award periods: The amounts credited to the Executive for
the completed award periods as of his date of termination, multiplied by the
product of 20% and the number of completed award periods; and

(2) For the ongoing award period: 20% of $825,000, then prorated for the
incomplete year by multiplying this amount by a fraction, the numerator of
which is the number of completed months from the beginning of the award
period until the Executive's termination of employment and the denominator
of which is 12.

* Upon termination for any reason other than Cause after the third
anniversary of the Effective Date but prior to the end of the Plan Term, the
Executive will be entitled to the following:

(1) 60% of the amounts credited to the Executive at the time of termination
if termination occurs on or after the third anniversary and prior to the
fourth anniversary of the Effective Date and (2) 80% of the amounts credited
to the Executive at the time of termination if termination occurs on or
after the fourth anniversary of the Effective Date, unless, in either case,
he would be entitled to a greater amount pursuant to the above formula.

* Termination For Cause: No payment will be made.


Also on February 15, 2008, the Company amended the Change of Control Agreement
(as amended, the "Agreement") with the Executive, effective February 15, 2008
(the "effective date").

The Agreement was amended in order to, among other things, (i) revise the
definition of a "Change of Control," (ii) provide for a retention bonus of one
times the Executive's Base Salary (as defined in the Agreement) to be paid if
the Executive remains continuously employed with the Company until the first
anniversary of the Agreement Effective Date, (iii) increase the severance
payment to Executive upon termination of his employment for certain reasons
after or otherwise in connection with a change of control and (iv) conform the
Agreement to comply with Section 409A of the Internal Revenue Code of 1986, as
amended.

The Executive's severance benefit entitlements under the Agreement include:

* Base Salary through the date of termination;
* an amount equal to two and one-half times the sum of Mr. Frazier's Base
Salary and annual bonus;
* settlement of all deferred compensation arrangements in accordance with
any then applicable deferred compensation plans or election forms;
* continued coverage under the Company's welfare plans for up to twelve
months; and
* the immediate vesting and exercisability of the Executive's stock
options for a period of 36 months from the date of termination.

- ends -

For further information please contact:

Danka Business Systems PLC
Cheley Howes, Danka Investor Relations [phone]
Tony Hunter, Nautilus Management 0207 603 1515

Weber Shandwick Financial
Georgia Dempsey 0207 067 0749

About Danka Business Systems PLC

Danka is one of the nation's largest independent providers of office systems
solutions. For 30 years Danka has provided its customers with the equipment,
supplies, software and integrated services and support they need to address
their print, copy and document workflow requirements. Danka delivers these
comprehensive document solutions through a consultative model designed to
improve business processes, reduce costs and increase productivity that drives
customer value and satisfaction. Danka services customers directly in 50 U.S.
markets. For more information, visit www.danka.com.

Certain statements contained in this press release, including statements related
to Danka's future business and financial performance, 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. 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. Danka is a registered trademark. All other trademarks are the property
of their respective owners.

[chancer6] 18/2/2008 14:31

Aw, if the US markets are close then OTC will also be closed.

[davidlloyd] 18/2/2008 14:22

THought someone said the Dow was closed today. I'm probably misiterpretting a post as usual....

DL

edit : It is a day off - President's Day - the third Monday in February........

[chancer6] 18/2/2008 14:02

Yes as normal, why?

[davidlloyd] 18/2/2008 13:43

Is it open today?

[chancer6] 18/2/2008 13:42

Get direction from the OTC Exchange later.

[piedpiper2] 18/2/2008 12:55

It`s a bit quiet Chancer !

[chancer6] 18/2/2008 08:56

Couple of trades on PLUS:

18/02/2008 08:51:47 5.20 6,000 O 312.00
18/02/2008 08:51:00 5.60 15,000 O 840.00

[chancer6] 18/2/2008 08:51

Just JEFF on 5.60p offer and 2 MMs on the bid.

[piedpiper2] 18/2/2008 08:34

Many thanks

[chancer6] 17/2/2008 18:22

0.42/4/1.96 = 5.35p! 1 ADR = 4 ordinary shares & divide by the currency.

[piedpiper2] 17/2/2008 18:11

Chancer. How do you calculate the OTC conversion ?

[chancer6] 15/2/2008 21:17

Closed up 5% on the OTC Exchange which is equivalent to our mid-price close of 5.35p (0.42/4/1.96).

$ 0.42 0.02 (+5.00%) Volume: 150.96 k 15:52 EST 15-Feb-2008

Good buying volume there again and some profit taking towards close also out of the way. The price is also up 100% from 0.20 cents in the past week. With the way the price has closed we may finally get through this 6 pence mark on Monday and should leave no room at all for any kind of attempted shake...our 100-200K blocks buyers still around and will be keen to see if their buys continue coming through. Was just JEFF on 5.60p at close, then EVO on 5.80p, then one MM on 6p and 6.25p!

[chancer6] 15/2/2008 17:58

Excellent week already but getting even better:

$ 0.44 0.04 (+10.00%) Volume: 60.7 k 12:41 EST 15-Feb-2008

[chancer6] 15/2/2008 16:59

Looking v.good now on the OTC Exchange....we are undervalued at our close for the first time ever:

0.43 0.03 (+7.50%) Volume: 39.76 k 11:42 EST 15-Feb-2008

[chancer6] 15/2/2008 16:12

Up 5% on the OTC Exchange...buyers back there:

$ 0.42 0.02 (+5.00%) Volume: 23.6 k 10:56 EST 15-Feb-2008

[chancer6] 15/2/2008 15:35

Still only JEFF on 5.60p offer....imo breakout over 6p and more big rises next week - someone has mopped up alot of stock at this level this wk - maybe Goldman Sachs...

[avickers] 15/2/2008 15:24

"Chancer6 - 15 Feb'08 - 13:13 - 2135 of 2136


Still only sizeable buys...70,000 buy just come through at 5.60p."

Your living in another world mate. 70k is hardly sizeable