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): July 30, 1999
DANKA BUSINESS SYSTEMS PLC
(Exact name of registrant as specified in its charter)
UNITED KINGDOM 0-20828 98-0052869
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
11201 DANKA CIRCLE NORTH
ST. PETERSBURG, FLORIDA 33716
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: 727-576-6003
ITEM 5. OTHER EVENTS.
On July 30, 1999, Danka Office Imaging Company ("DOIC") and
Danka Holding Company ("DHC"), indirect wholly-owned subsidiaries
of Danka Business Systems PLC (the "Company"), consummated the sale
to Xerox Corporation ("Purchaser") of substantially all of the
assets of DOIC's Omnifax, dex Business Systems and EBS divisions
for a purchase price of $45 million in cash, pursuant to an Asset
Purchase Agreement dated June 17, 1999 among DOIC, DHC and
Purchaser.
A copy of a press release issued by the Company in connection
with the closing of this transaction is filed as Exhibit 99.1
hereto and incorporated herein by this reference.
ITEM 7: EXHIBITS
99.1. Press Release dated July 30, 1999 by Danka Business
Systems PLC.
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/ F. Mark Wolfinger
----------------------------
F. Mark Wolfinger
Its: Chief Financial Officer
Dated: August 3, 1999
Danka Announces Completion of Sale of Its Facsimile Division
Friday, July 30, 1999
St. Petersburg, Florida (July 30, 1999) - Danka Business Systems
PLC (NASDAQ: DANKY) announced today that it completed the sale of
its facsimile business, Omnifax to Xerox Corporation for $45
million in cash. Included in the sale are the EBS and dex Business
Systems divisions of Omnifax.
For the twelve months ended March 31, 1999, Omnifax and its
divisions reported revenue of over $110 million and over $13
million in operating profit. Omnifax, headquartered in Austin,
Texas, has offices throughout the United States and over 600
employees.
Danka Business Systems PLC headquartered in London, England and St.
Petersburg, Florida is one of the world's largest independent
suppliers of office imaging equipment and related services, parts
and supplies. Danka provides office products and services in thirty
countries around the world. For additional information about
copier, printer and other office imaging products, please visit our
web site at www.danka.com.
