Investor and Media Centre

Depa Limited discloses Union Insurance Company PSC shareholding increase

Nov 25 ,2015

Dubai, UAE; 25 November 2015: Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”] today announces that Union Insurance Company PSC has increased its holding in the Company and now owns or controls, directly or indirectly, 70,156,337 shares, representing 11.41% of the total issued share capital.

Prior to 23 November 2015, Union Insurance Company PSC held 41,222,337 shares in the Group, representing an ownership of 6.71%. Through the transactions detailed below, Union Insurance Company PSC increased its shareholding to 70,156,337 shares. All shares are ordinary and the consideration paid per share, at the time of the transaction, is as detailed below:

 

Holder

Date of Purchase

Number of Shares

Price in US$

Union Insurance

23 November 2015

28,934,000

0.450

 

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For further enquiries, please contact:

 

Depa Ltd

David Holiday

Group General Counsel & Company Secretary

Tel: + 971 4 446 2100

ir@depa.com

 

 

ASDA'A Burson-Marsteller

Tom Drummond or Liam Turner

Tel: +971 4 4507600

depa@bm.com

 

For more information, please refer to the corporate website: www.depa.com

CONTACT US

Depa Group, Vision Tower,
35th Floor, P.O. Box 56338,
Dubai, U.A.E.
T: +9714-446-2100
F: +9714-446-2102
info@depa.com

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