Investor and Media Centre

Depa discloses Union Insurance Company PSC shareholding exceeds 5 percent

Oct 21 ,2015

Dubai, UAE; 21 October 2015: Depa Limited (Nasdaq Dubai: DEPA; “the Company”/“the Group”), today announces that Union Insurance Company PSC (“Union Insurance”) has increased its holding in the Company and now owns or controls, directly or indirectly, 41,222,337 shares, representing 6.71% of the total issued share capital.

 

Prior to April 6, 2015, Union Insurance held (directly or indirectly) 30,449,471 shares in the Group, representing an ownership of 4.95%. Through a number of share transactions detailed below, Union Insurance increased its interest to 41,222,337 shares. All shares are ordinary and the consideration paid per share, at the time of each transaction, is as detailed below:

 

Holder

Date of Purchase

Number of Shares

Price in US$

Union Insurance

6 April 2015

7,608,484

0.500

Union Insurance

20 April 2015

2,514,221

0.501

Union Insurance

21 April 2015

485,161

0.500

Union Insurance

17 May 2015

100,000

0.505

Union Insurance

18 May 2015

30,000

0.503

Union Insurance

19 May 2015

20,000

0.500

Union Insurance

21 May 2015

15,000

0.530

Total

 

10,772,866

 

 

---Ends---

 

For further enquiries, please contact:

 

Depa Ltd

David Holiday

Group General Counsel & Company Secretary

Tel: + 971 4 446 2100

ir@depa.com

 

 

ASDA'A Burson-Marsteller

Tom Drummond or Liam Turner

Tel: +971 4 4507600

depa@bm.com

 

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

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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