Intention to Cancel London Stock Exchange Listing and Terminate Global Depositary Receipt AgreementNov 13 ,2017
Nasdaq Dubai Release
Depa Limited / DEPA:DU
13 November 2017
Depa Limited (“Depa”), the leading global interior solutions group, announces its intention to:
a) cancel the listings on the Official List maintained by the UK Listing Authority and the admissions to trading on the London Stock Exchange (the LSE) of its global depositary receipts (as described below); and
b) terminate its depositary agreement with The Bank of New York Mellon (together, the Delisting).
Depa intends to effect the Delisting because the volume of global depositary receipts traded on the LSE is negligible and does not, in Depa’s view, justify the related expenses of the listing. Depa intends to keep the market updated with further information relating to the Delisting as required.
The global depository receipts referred to in this announcement are the following:
- Depa Limited Regulation S Global Depositary Receipts (each representing 5 ordinary shares of USD0.40 each) (ISIN US2495082016); and
- Depa Limited Rule 144A Global Depositary Receipts (each representing 5 ordinary shares of USD0.40 each) (ISIN US2495081026).
For further information, please contact:
Depa Limited Tel: + 971 4 446 2100
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.