Share repurchase programme - FebruaryMar 11 ,2009
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.
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Managing Director, Strategy
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Brunswick Gulf Ltd
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