Shareholders Approve MAK Capital's Proposal to Increase Stake in Agilysys

NEW YORK, Feb. 18 /PRNewswire/ -- MAK Capital Fund LP and Paloma International L.P., the parent of Sunrise Partners Limited Partnership, and other related entities (collectively, the "MAK Group") today announced that at the special meeting held by Agilysys today, the shareholders of Agilysys, Inc. (Nasdaq: AGYS) voted for the MAK Group's proposal seeking approval to acquire additional shares of Agilysys to increase their stake in the Company to 20% or more but less than 33 1/3% under Ohio law.    

Michael A. Kaufman, the managing member of MAK Capital One LLC, commented, "We are very pleased with the overwhelming support that we received from fellow shareholders and thank them for their endorsement. We would also like to reaffirm our commitment to continue to work constructively with the Board of Directors to create value for all shareholders."

SOURCE MAK Capital Fund LP