Notification of Connected Persons TransactionsJan 27 ,2014
27 January 2014; Dubai, UAE: On 22 January 2014, Depa Limited was notified that on 16 January 2014, Mr Riad Kamal, through his business Skyberry Ltd, transferred 37,567,493 ordinary shares in the Company, representing 6.1% of the shares in issue, to Mr Khaldoun Tabari, a Board Director of Depa Limited at a price of $0.67 per share.
The transfer took place following an agreement on 27 November 2013 between the twoparties, whereupon the shares were to be transferred at the closing price on the date that Mr Tabari was recorded as being the owner of the shares. The delay in processing the transfer until 16 January 2014 was due to a number of minor administrative matters, related to the processing of the transfer, which needed to be finalised.
Following the transaction, Mr Tabari holds 37,567,493 ordinary shares in the Company and Mr Kamal has no further holding.
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Compliance and Governance Manager
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