Depa continues Share Repurchase ProgrammeNov 9 ,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 1,822,529 shares between 1 and 31 October 2009 at an average price of USD 0.786.
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.
Following a board meeting on 29 October 2009, Depa announces that shares purchased by the Company as part of its Share Repurchase Programme during the third quarter, 1 July 2009 to 30 September 2009, will not be cancelled and will be held in treasury.