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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of June 1999.
DENISON INTERNATIONAL plc
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(Translation of registrant's name into English)
Masters House
107 Hammersmith Road
London W14 0QH
England
(Address of principal executive offices)
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DENISON SHAREHOLDERS' APPROVE STOCK BUYBACK AND
APPOINTMENT OF DIRECTORS AT ANNUAL GENERAL MEETING
MARYSVILLE, Ohio, June 2 - Denison International plc (NASDAQ:DENHY) announced
today its shareholders unanimously approved several measures at the Company's
Annual General Meeting held May 24, 1999.
Shareholder approval was granted for the Company to puchase up to 10% (1.1
million shares) of its own shares, subject to certain provisions. "While we
still feel that the best utilization of the Company's capital liquidity is to
seek out and finalize acquisitions that will help to grow Denison well into the
future, we look upon the approval to purchase Denison shares as a reconfirmation
of shareholder confidence in the management of Denison to do whatever it takes
to increase shareholder value", commented J. Colin Keith, Denison Chairman.
Shareholders also approved the re-appointment of Anders C H Brag, Managing
Director, as a Director of the Company, and the appointment of Bruce A Smith,
Chief Financial Officer, as a Director. In other business approval was granted
by shareholders to re-appoint Ernst & Young LLP as Company Auditors.
Denison International plc designs, manufactures, distributes and services highly
engineered fluid power systems and components. Denison distributes its products
and services globally to a diverse group of original equipment manufacturers and
end users in a broad array of industrial applications, including machine tools
and material handling equipment, mobile construction, agricultural and utility
equipment, and marine applications, including military equipment.
CONTACT: Bruce A. Smith, Chief Financial Officer, Denison International at
937-644-4437; or Carolyn Snider at National Editorial Services at 248-548-7444.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
DENISON INTERNATIONAL plc
By: /s/ Bruce A. Smith
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Bruce A. Smith
Chief Financial Officer
Date: June 8, 1999
