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.
Depa Limited
Noor Sweid
Managing Director, Strategy
Tel: +971 4 224 3800
Brunswick Gulf Ltd
Azadeh Varzi
Tel: + 971 4 365 8260
