Investor and Media Centre

Share repurchase programme - February

Mar 11 ,2009

Depa Limited
Headline : Share repurchase programme - February


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 3,259,257 shares between 1 and 28 February at an average price of USD 0.40. 

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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