Investor and Media Centre

Clarification – Notification of Transaction

Jul 4 ,2017

Dubai, UAE; 4 July 2017: Depa Limited (“Depa”), provides clarification on the statement: "Notification of Transaction", published on 2 July 2017.

On 29 June 2017, Depa received notification from Mr. Khaldoun Tabari, a non executive director, of his acquisition and disposal of Depa shares. 

It should be made clear that the 21,078,060 shares which were reported as disposed were not disposed and remain in the beneficial ownership and control of Mr. Khaldoun Tabari. 

Depa Limited has a total issued share capital of 614,726,448 ordinary shares and outstanding ordinary shares in issue of 607,860,365. 

A restated summary of the transaction is set out below.

 

RESTATED SUMMARY OF TRANSACTION 

No. of Shares Acquired

Date Acquired

Share Price

(USD)

Class of Shares

Proportion of Outstanding Shares Held Before Acquisition

(%)

Proportion of Outstanding Shares Held Post Acquisition

(%)

Total No. of Shares Held

163,000

29 June 2017

0.358

Ordinary

3.56

3.59

21,827,808

 

For further information, please contact: 

Depa Limited                                                                           Tel: + 971 4 446 2100

David Holiday

Group Chief Legal Officer & Company Secretary 

For more information, please refer to the corporate website: www.depa.com

Notes to editors: 

Depa is a strategic management company specialising in global interior solutions.  Depa’s four Key Business Units hold leading positions in their respective markets: Design Studio, Vedder, Depa Interiors Group and Deco Group.  Employing thousands of people worldwide, the Group’s operations are centred on three regional hubs: Asia, Europe and the Middle East. 

Depa’s mission, shared by each of its Key Business Units, is to deliver sustainability, profitability and performance for our clients, shareholders and employees.  The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service. 

Depa Limited is listed on the Nasdaq Dubai (DEPA:DU) and is headquartered in Dubai, United Arab Emirates. 

Disclaimer: Nasdaq Dubai is not responsible for the content of issuer disclosures. Issuer disclosures remain subject to DFSA rules.

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CONTACT US

Depa Group, Vision Tower,
35th Floor, P.O. Box 56338,
Dubai, U.A.E.
T: +9714-446-2100
F: +9714-446-2102
info@depa.com

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