Investors and Media

Depa continues Share Repurchase Programme

9th Aug 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 1,068,101 shares between 1 and 31 July at an average price of USD 0.587.  


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


Brunswick Gulf Ltd

Azadeh Varzi

Tel: + 971 4 365 8260