Investor and Media Centre

Depa continues Share Repurchase Programme

Jun 9 ,2009

Date: 09 June 2009


Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that it has completed a further set of transactions of its Share Repurchase programme. Depa purchased a total of 1,512,815 shares between 1 and 31 May at an average price of USD 0.52.  

 

These transactions follow the Company’s announcement on 26 November 2008 of its intention to undertake a Share Repurchase programme during a period of 12 months from 27 November 2008, as the Company’s shareholders currently believe that the shares are significantly undervalued. Depa will be cancelling all shares bought back on a quarterly basis.

 

 

For further inquiries, please contact:

 

Depa Limited

Noor Sweid

Managing Director, Strategy

Tel: +971 4 224 3800

noor.sweid@depa.com

 

Brunswick Gulf Ltd

Azadeh Varzi

avarzi@brunswickgroup.com

Tel: + 971 4 365 8260

CONTACT US

Depa Group,
Dubai Investment Park 1,
Plot No. 598-655,P.O. Box 213537,
Dubai, U.A.E.
Phone: +971 (4) 821 6666
Fax: +971 (4) 887 8625
Email: info@depa.com

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