On 26 October 2009, Depa Limited (“Depa” or “the Company”) received notification from Mr. Christopher Holmes – Managing Director of Quality Assurance/Quality Control of Depa Ltd, as follows:
On 26 October 2009, Mr. Christopher Holmes sold 50,000 shares in the Company, at a price of $0.77 each.
Following the above transactions, Mr. Christopher Holmes holds 10,901,616 ordinary shares representing 1.77% of the issued share capital, down from 1.78%.
The shares were subsequently bought by Depa as part of its share buyback programme. There was no intention by either the Company or the Director for the shares to be bought back and the Company did so inadvertently. Director’s shares should not be part of the share buyback programme and the Company has put in place necessary measures to make sure that this does not happen again, either deliberately or inadvertently.
