Depa continues Share Repurchase ProgrammeFeb 10 ,2009
Headline : Depa continues Share Repurchase Programme
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 1,952,168 shares between 1 and 31 January at an average price of USD 0.51.
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:
Managing Director, Strategy
Tel: +971 4 224 3800
Brunswick Gulf Ltd
Tel: + 971 4 365 8260