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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
of The Securities Act of 1934
Date of Report (Date of earliest event reported): June 26, 1998
DANKA BUSINESS SYSTEMS PLC
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(Exact name of registrant as specified in its charter)
UNITED KINGDOM 0-20828 98-0052869
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(State or other (Commission (IRS Employer
jurisdiction of File Number Identification No.)
incorporation)
11201 DANKA CIRCLE NORTH
ST. PETERSBURG, FLORIDA 33716
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: 813-576-6003
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ITEM 5. OTHER EVENTS.
On June 26, 1998, Danka Business Systems, PLC (the "Company") issued
the Press Release, attached hereto as Exhibit "99," announcing the Company
expects revenue for its first quarter ending June 30, 1998 will be
approximately ten percent (10%) below market expectation.
EXHIBIT
NUMBER EXHIBIT
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99 Press Release of the Company dated June 26, 1998.
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SIGNATURE
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 hereunto duly authorized.
DANKA BUSINESS SYSTEMS PLC
By: /s/ David C. Snell
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Its: Chief Financial Officer
Dated: June 29, 1998
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INDEX TO EXHIBITS
EXHIBIT
NUMBER EXHIBIT
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99 Press Release of the Company dated June 26, 1998
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Exhibit 99
DANKA PRESS RELEASE
FOR IMMEDIATE RELEASE PAUL SUIJK
(813) 579-2881
June 26, 1998 PAUL G. DUMOND
011-44171-399-3000
DANKA ANNOUNCES ESTIMATED FIRST QUARTER RESULTS
Danka Business Systems PLC (NASDAQ: DANKY) today announced that based on
information through May and preliminary indications for June, the Company
expects revenue for its first quarter ending June 30, 1998 will be
approximately ten percent (10%) below market expectations and, as a result, the
Company's first quarter earnings will be adversely impacted. The revenue
shortfall principally occurred in America's operations. The Company's revenue
and net earnings for the fiscal year ending March 31, 1999 are also expected to
be negatively impacted. The Company expects to announce actual results for its
first quarter on August 13, 1998.
Danka Business Systems PLC, headquartered in London, England and St.
Petersburg, Florida, is one of the world's largest independent suppliers of
office equipment and related services, parts and supplies. Danka employs over
20,000 people and provides office products and services from over 700 offices
in more than 30 countries around the world.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release, including statements
related to the Company's estimated revenue and earnings for the first quarter
ending June 30, 1998 and for the fiscal year ending March 31, 1999 are forward
looking, and contain information relating to the Company that is based on the
beliefs of management as well as assumptions made by, and information currently
available to, management. The words "goal", "expect", "believe" and similar
expressions as they relate to the Company or the Company's management, are
intended to identify forward-looking statements. Such statements reflect the
current views of the Company 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 hereof.
The Company undertakes no obligation and does not intend to update these
forward-looking statements to reflect events or circumstances that arise after
the date hereof.
