Our Approach
The Depa Group is the world’s largest listed interior solutions group.
our vision
Our vision is to be leaders in Global Interior Solutions.
our values
We live by our values – Transparency, Integrity, Accountability, Professionalism and Exceptional Service.
strategy
We strive to add value to our client’s assets by providing comprehensive, custom fit-out solutions of the highest standard, on time and within budget.
Our Key Business Units
Depa Group operates through four key business units.
Depa Interiors Group
A leader in interior contracting and fit-out services in the Middle East, Africa and India.
Deco Group
Deco Group is one of the most experienced interior contractors for luxury retail.
DSG
DSG is considered one of Asia’s fastest growing providers of interior and joinery solutions.
Our Investments
Depa Group holds a number of strategic investments in complementary companies.
The Parker Company
With over 45 years of hospitality procurement services and the most experienced staff in the industry, The Parker Company offers an unparalleled level of service and industry expertise.
Decolight
Decolight is a leader in delivering innovative lighting solutions for interior and exterior façade illumination.
Lindner Middle East
The Lindner Group is Europe’s leading company for interior fit-out products and services.
Investors and Media
Governance
Depa Group is committed to ensuring that the processes, policies and activities across its business reflect a high standard of governance, integrity, and professionalism.
Market Disclosures
All the latest Market Disclosures and Financial Results for investors and media.
Publications and Presentations
Depa Group’s Annual Report library and investor presentations.
Our Sectors
Depa Group’s geographical diversity and bredth of service-offering allows us to provide interior solutions across 11 key sectors.
Investor and Media
Kempinski Hotel Dubai
Market Disclosures
Vedder secures a superyacht fit-out package worth more than AED 115 million
2/10/2019Depa PLC (“Depa”), the leading global interior solutions group, announces a project award of EUR 29 million (more than AED 115 million).
Depa secures high-rise development package worth more than AED 100 million
29/8/2019Depa PLC (“Depa”), the leading global interior solutions group, announces a project award of more than AED 106 million. Depa Interiors, Depa’s Middle East key business unit which specialises in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors, secured the fit-out package for a prominent within a high-rise mixed-use development in the centre of Dubai.
Depa secures iconic museum package worth more than AED 110 million
29/8/2019Depa PLC (“Depa”), the leading global interior solutions group, announces a project award of more than AED 111 million. Depa Interiors, Depa’s Middle East key business unit which specialises in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors, secured the fit-out package for an iconic museum in the United Arab Emirates.
Results for the six months ended 30 June 2019
29/8/2019Depa PLC (“Depa”), the leading global interior solutions group, announces its results for the six months ended 30 June 2019.
DSG announces responses to SGX queries
21/8/2019Depa PLC (“Depa”), the leading global interior solutions group, reports that on 20 August 2019, Design Studio Group Ltd (“DSG”), Depa’s Asian key business unit, made a market announcement on the Singaporean Stock Exchange, providing responses to queries from the SGX in relation to its unaudited 2Q2019 Financial Statements.
DSG publishes results for six months ended 30 June 2019
14/8/2019Depa PLC (“Depa”), the leading global interior solutions group, reports that on 8 August 2019, Design Studio Group Ltd (“DSG”), Depa’s Asian key business unit, published its results for the period ended 30 June 2019.
Depa secures a commercial fit-out package worth AED 100 million
8/7/2019Depa PLC (“Depa”), the leading global interior solutions group, announces a project award of AED 100 million. Depa Interiors, Depa’s Middle East key business unit which specialises in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors, secured the commercial office fit-out package for the new headquarters of a leading UAE airline.
Depa announces appointment of an Independent Non-Executive Director
4/7/2019Depa PLC ("Depa"), the leading global interior solutions group, announces the appointment, with immediate effect, of Mr. Edward Quinlan as an Independent Non-Executive Director.
Depa announces appointment of a Non-Executive Director
4/7/2019Depa PLC (“Depa”), the leading global interior solutions group, announces the appointment, with immediate effect, of Mr. Gerard Hutchinson as Non-Executive Director.
Depa announces appointment of Group Chief Executive Officer
3/7/2019Depa PLC (“Depa”), the leading global interior solutions group, announces the appointment, with immediate effect, of Kevin Lewis, as its Group Chief Executive Officer. Kevin has been undertaking the role in an ‘acting’ capacity since 25 April of this year.
Depa announces disposal of interests in The Parker Company
20/6/2019Depa PLC (“Depa”), the leading global interior solutions group, today announces that it has completed the disposal of its equity interests in The Parker Company. The cash consideration for the equity interests has been received in full.
Vedder secures a superyacht fit-out package worth more than AED 116 million
12/6/2019Depa PLC (“Depa”), the leading global interior solutions group, announces a project award of EUR 28 million (more than AED 116 million). Vedder, Depa’s German-based key business unit which specialises in the provision of interior solutions to the superyacht, private jet and high-net-worth residence fit-out markets, has secured the interior fit-out package for a new-build superyacht project.
Results of Annual General Meeting of Depa PLC
12/6/2019Depa PLC (Depa), the leading global interior solutions group, held its Annual General Meeting (AGM) at 13:00 on 12 June 2019.
Trading update for the three months ended 31 March 2019
23/5/2019Depa PLC (“Depa”), the leading global interior solutions group, releases its unaudited trading update for the three months ended 31 March 2019.
Notice of Annual General Meeting FY 2019
20/5/2019Depa PLC (Depa), the leading global interior solutions group, gives notice that its Annual General Meeting (AGM) will take place on WEDNESDAY 12 JUNE 2019 at 35th Floor, Vision Tower, Business Bay, Dubai, United Arab Emirates. The meeting will commence at 13:00 and will be open for registration from 12:00 noon.
DSG publishes results for three months ended 31 March 2019
9/5/2019Depa PLC (“Depa”), the leading global interior solutions group, reports that on 8 May 2019, Design Studio Group Ltd (“DSG”), Depa’s Asian key business unit, published its results for the period ended 31 March 2019.
Depa PLC Annual Report 2018
1/5/2019Depa PLC, the leading global interior solutions group, announces the release of its FY 2018 Annual Report.
Depa announces appointment of Acting Group Chief Executive Officer
25/4/2019Depa PLC (“Depa”), the leading global interior solutions group, announces the appointment of Kevin Lewis as Acting Group Chief Executive Officer.
Results for the year ended 31 December 2018
25/4/2019Depa PLC (“Depa”), the leading global interior solutions group, announces its results for the twelve months ended 31 December 2018.
DSG announces material variances between unaudited and audited financial statements for FY2018
3/4/2019Depa PLC (“Depa”), the leading global interior solutions group, reports that on 29 March 2019, Design Studio Group Ltd (“DSG”), Depa’s Asian key operating group, made a market announcement on the Singaporean Stock Exchange, confirming material variances between the unaudited financial statements announced on 23 February 2019 and its audited financial statements for the financial year ended 31 December 2018. Among other changes, the adjustments have resulted in an additional S$ 2.5mn (AED 6.7mn) loss attributable to the owners of DSG for FY2018, resulting in an audited net loss attributable to the owners of DSG of S$ 26.4mn (AED 72.0mn).
Trade Name Change
31/3/2019Depa Limited (“Depa”), the leading global interior solutions group, announces that with effect from 1 April 2019, it will trade under the name of Depa PLC. This reflects a mandatory change required to comply with DIFC Companies Law 2018 (DIFC Law No.5 of 2018) which was effected in November 2018.
DSG responses to Singapore Exchange (SGX) queries
6/3/2019Depa PLC (“Depa”), the leading global interior solutions group, reports that on 5 March 2019, Design Studio Group Ltd (“DSG”), Depa’s Asian key operating group, made a market announcement on the Singaporean Stock Exchange, providing responses to queries from the SGX in relation to its unaudited financial statements announcement for the year ended 31 December 2018. DSG’s disclosure can be viewed by investors on DSG’s website and/or on SGXNET.
Notification - Group CEO, Hamish Tyrwhitt, Steps Down
3/3/201903 March 2019, Dubai, UAE: Depa PLC (“Depa”), the leading global interior solutions group, announces that Hamish Tyrwhitt and the Board have agreed that Hamish will step down as Group Chief Executive Officer ("Group CEO") of Depa Group on 1 May 2019. The Board is pleased to confirm that Hamish will remain on the Board as a Non-Executive Director.
DSG announces its results for the year ended 31 December 2018
24/2/2019Depa PLC (“Depa”), the leading global interior solutions group, reports that on 23 February 2019, Design Studio Group Ltd (“DSG”), Depa’s Asian key operating group, made a market announcement on the Singaporean Stock Exchange, publishing its results for its financial year ended 31 December 2018.
Notification of Transaction
3/1/20193 January 2019, Dubai, UAE: Depa PLC (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Trading update for nine months ended 30 September 2018
4/11/2018Depa Limited (“Depa”), the leading global interior solutions group, releases its unaudited trading update for the nine months ended 30 September 2018.
DSG publishes results for nine months ended 30 September 2018
25/10/2018Depa Limited (“Depa”), the leading global interior solutions group, reports that on 25 October 2018, Design Studio Group Ltd (“DSG”), Depa’s Asian key business unit, published its results for the period ended 30 September 2018. DSG’s results can be accessed on its website and its associated market announcement is replicated below:
Depa secures two superyacht fit-out packages worth more than AED 150 million in total
22/10/2018Depa Limited (“Depa”), the leading global interior solutions group, announces two project awards with a total value of EUR 36 million (more than AED 150 million). Vedder, Depa’s European-based key business unit, has secured the entire interior fit-out packages for two new-build superyacht projects.
DSG Profit Guidance Announcement
21/10/2018Depa Limited (“Depa”), the leading global interior solutions group, reports that on 19 October 2018, Design Studio Group Ltd (“DSG”), Depa’s Asian key business unit, made a market release on the Singaporean Stock Exchange announcing its expectation to report a loss for the period to 30 September 2018 and for the full year ended 31 December 2018.
Notification of Transaction - 2 October 2018
2/10/20182 October 2018, Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Solid revenue growth, improved backlog and increased interim dividend in H1 2018
2/8/2018Depa Limited (“Depa”), the leading global interior solutions group, announces its results for the six month period ended 30 June 2018.
Depa Limited Depa announces the appointment of Abdullah Salem Al Turifi as non-executive independent director
2/8/2018Depa Limited ("Depa"), the leading global interior solutions group, has announced today the appointment of Mr. Abdullah Salem Al Turifi as a non-executive independent director.
Solid revenue growth, improved backlog and increased interim dividend in H1 2018 (Arabic)
2/8/2018Depa Limited (“Depa”), the leading global interior solutions group, announces its results for the six month period ended 30 June 2018.
Vedder Secures Superyacht Fit-out Package Worth More Than AED 74 Million
18/7/2018Depa Limited (“Depa”), the leading global interior solutions group, announces a project award of EUR 17 million (more than AED 74 million). Vedder, Depa’s European-based key business unit, has secured the interior fit-out package for a new-build superyacht project.
Depa Announces Resignation of Vice Chairman
26/6/2018Mr. Roderick Maciver has resigned his position as Depa Limited Vice Chairman
Depa secures KSA transport project worth more than AED 80 million
19/6/2018Depa Limited (“Depa”), the leading global interior solutions group, through Depa Interiors, has secured the award of a significant transport project worth SAR 81.9 million (more than AED 80 million). The award comprises the fit-out works of a large-scale transport infrastructure project in Riyadh.
Q1 2018 trading update: revenue up more than 10% with positive backlog growth
25/4/2018Depa continued its positive operational momentum over the first quarter of 2018. During the first three months, Vedder secured a major superyacht project worth EUR 29mn (more than AED 130mn).
Results of Depa Limited Annual General Meeting
25/4/2018Depa Limited (“Depa”), the leading global interior solutions group, held its Annual General Meeting (“AGM”) at 1:00 pm on 25 April 2018. The following resolutions were approved by shareholders:
Notice of Annual General Meeting 2018 and Release of 2017 Annual Report
22/3/2018Depa Limited gives notice that its Annual General Meeting (“AGM”) will take place on WEDNESDAY 25 APRIL 2018 at 35th Floor, Vision Tower, Business Bay, Dubai, United Arab Emirates. The meeting will commence at 1:00 pm and will be open for registration from 12:00 noon.
Depa secures new superyacht project worth more than AED 130 million
20/3/2018Depa Limited announces a project award of more than AED 130 million. Its European based key business unit, Vedder, has secured an interior fit-out package worth EUR 29 million (more than AED 130 million) for a privately owned superyacht.
Depa converts listing currency to Dirhams
18/3/2018Depa Limited (“Depa”), the leading global interior solutions group, as previously confirmed in its announcement dated 1 March 2018, has converted its listing currency on the Nasdaq Dubai from US Dollars to UAE Dirhams.
Depa announces record profits for FY17: net profit of AED 153.6mn up 195%
1/3/2018Depa Limited (“Depa”), the leading global interior solutions group, announces its results for the twelve months ended 31 December 2017.
Update on conversion of listing currency to Dirhams
1/3/2018Further to the announcement dated 1 February 2018 regarding the expected timings in respect of the conversion of Depa Limited's listing currency, Depa can confirm no trading halt will be required prior to the commencement of trading Depa Shares in UAE Dirhams.
Depa Limited's listing on the London Stock Exchange cancelled
26/2/2018Depa Limited has cancelled the standard listings on the Official List maintained by the UK Listing Authority and the admission to trading on the London Stock Exchange (LSE).
Depa confirms date of conversion of listing currency to Dirhams
1/2/2018Depa Limited confirms the date of conversion of its listing currency on the Nasdaq Dubai from US Dollar to UAE Dirhams.
Depa Appoints Liquidity Provider
29/1/2018Depa Limited (“Depa”), the leading global interior solutions group, confirms that Depa has entered into a liquidity provider agreement with SHUAA Capital International Ltd (“SHUAA”).
Notification of Transaction - 29 January 2018
29/1/201829 January 2018, Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Depa confirms intention to convert listing currency to UAE Dirhams
10/1/2018Depa Limited (“Depa”), the leading global interior solutions group, confirms that today Depa has notified the Nasdaq Dubai of its intention to convert its listing currency on the Nasdaq Dubai trading platform from US Dollar to UAE Dirhams.
Depa Limited Cancellation of Listing and Termination of Depositary Agreement
21/11/2017Depa Limited (“Depa”), the leading global interior solutions group is to cancel the listings on the Official List maintained by the UK Listing Authority and the admissions to trading on the London Stock Exchange (LSE) of the following global depository receipts: (a) Depa Limited Regulation S Global Depositary Receipts (each representing 5 ordinary shares of USD0.40 each) (ISIN US2495082016); and (b) Depa Limited Rule 144A Global Depositary Receipts (each representing 5 ordinary shares of USD0.40 each) (ISIN US2495081026), (together, the GDRs).
Intention to Cancel London Stock Exchange Listing and Terminate Global Depositary Receipt Agreement
13/11/2017Depa 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 Limited announces trading update for third quarter 2017
2/11/2017Depa Limited today announced its unaudited trading update for the nine months ended 30 September 2017.
Depa Releases 2016 Sustainability Report
2/11/2017Depa Limited today released its 2016 Sustainability Report.
Market-Making Activities Commence on Depa Shares
19/9/2017Depa Limited (“Depa”), has been notified that a market making agreement has been entered into with Nasdaq Dubai in accordance with the Dubai Financial Services AIMI Rule 6.9, “Liquidity Incentive Schemes”.
Notification of Transaction - 28 August 2017
28/8/201728 August 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Depa Limited Announces H1 – 2017 Results
6/8/2017Depa Limited today announced its financial results for the six month period ended 30 June 2017.
1st Notification of Transaction - 1 August 2017
1/8/20171 August 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
2nd Notification of Transaction - 1 August 2017
1/8/20171 August 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Depa Limited Resolution of Material Legacy Item
6/7/2017Depa Limited (“Depa”), the leading global interior solutions group, announces resolution of an outstanding legacy item. The project, initiated in Qatar over the first half of 2012, was executed by Depa’s joint venture company, Lindner Depa Interiors LLC. Resolution of this item significantly improves the Group’s net cash position which will have a materially positive impact on Depa’s earnings in H1 2017.
Clarification – Notification of Transaction - 4 July 2017
4/7/2017Dubai, UAE; 4 July 2017: Depa Limited (“Depa”), provides clarification on the statement: "Notification of Transaction", published on 2 July 2017.
Notification of Transaction - 2 July 2017
2/7/20172 July 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Mohammed Al Mehairi appointed Depa Chairman
14/5/2017Depa Limited [Nasdaq Dubai: DEPA; "the Group"], one of the world's leading interior contracting groups, today announced the appointment of Mohamed Al Mehairi to the Depa Limited Board of Directors and as its non-executive Chairman.
Depa Limited announces trading update for first quarter of 2017
14/5/2017Depa Limited ("Depa"), the leading global interior solutions group, announces its unaudited trading update for the three months ended 31 March 2017.
Results of Depa Limited Annual General Meeting 2017
14/5/2017Depa Limited [Nasdaq Dubai: DEPA; "the Company"/"the Group"], one of the world's leading interior contracting groups, held its Annual General Meeting (“AGM”) at 10.30am on 14 May 2017.
Notification of Transaction - 19 April 2017
19/4/201719 April 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Notification of Transaction - 18 April 2017
18/4/201718 April 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Depa Limited Continues Business Turnaround in Q1 of FY2017
3/4/2017Following the release of its FY2016 results and FY2016 Annual Report last month, Depa Limited (“Depa”) has continued its turnaround of the business in the first quarter of FY2017.
Notification of Transaction - 2 April 2017
2/4/20172 April 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Notification of Transaction - 29 March 2017
29/3/201729 March 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Notification of Transaction - 28 March 2017
28/3/201728 March 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
Results for the year ended 31 December 2016
26/3/2017Depa Limited (“Depa”), the leading global interior solutions Group, announces its results for the twelve months ended 31 December 2016.
Depa Limited FY2016 Annual Report and Audited Financial Statement
26/3/2017Depa Limited FY2016 Annual Report and Audited Financial Statement
Notice of Annual General Meeting 2017
26/3/201726 March 2017; Dubai, UAE: Depa Limited (Nasdaq Dubai: Depa; the “Company”) is pleased to publish the Notice of its 2017 Annual General Meeting (“AGM”).
Depa Group CEO Hamish Tyrwhitt to take on additional role of CEO of Arabtec Holding
29/11/2016Depa Limited (""Depa""), the leading global interior solutions group, today announces that its Group CEO, Mr Hamish Tyrwhitt, has been appointed as the CEO of Arabtec Holding, effective immediately.
Results For The Nine Months Ended 30 September 2016
27/11/2016Results For The Nine Months Ended 30 September 2016
Further Clarification - Notice of Transaction - 6 April 2015
22/11/2016Depa Limited [Nasdaq Dubai: DEPA] (the ""Company”), would like to provide further clarification on the statement: ""CLARIFICATION – Notification of Transaction"", published on 06 April 2015 (the ""Previous Disclosure"").
Depa Group Announces H1 2016 Financial Results
29/8/2016Depa Limited [Nasdaq Dubai: DEPA; ""the Company""/""the Group""], today announces its financial and operational results for the six months period ended 30 June 2016 [""H1-2016""].
Depa Announces First Quarter 2016 Financial Results
24/5/2016Depa Announces First Quarter 2016 Financial Results
Notice Of Annual General Meeting 2016
4/5/2016Depa Limited (Nasdaq Dubai: Depa; the “Company”) is pleased to publish the Notice of its 2016 Annual General Meeting (“AGM”).
Depa Announces Full Year 2015 Financial Results
28/4/2016Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”], one of the world’s leading interior contracting solutions providers, today reported its financial results for the full year ending 31 December 2015.
Depa Appoints Hamish Tyrwhitt As New Group CEO
17/4/2016Depa Appoints Hamish Tyrwhitt As New Group CEO
Depa Announces Financial Results For Q3 And First Nine Months Of 2015
30/11/2015Dubai, UAE; 30 November 2015: Depa Limited [Nasdaq Dubai: DEPA; "the Company"/"the Group"] one of the world’s leading interior contracting companies, today announced its financial and operational results for the third quarter and nine months period ending 30 September 2015.
Depa Limited discloses Union Insurance Company PSC shareholding increase
25/11/2015Dubai, UAE; 25 November 2015: Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”] today announces that Union Insurance Company PSC has increased its holding in the Company and now owns or controls, directly or indirectly, 70,156,337 shares, representing 11.41% of the total issued share capital.
Group CEO Steps Down
26/10/2015Dubai, UAE; 26 October 2015: Depa Limited [Nasdaq Dubai: DEPA; "the Company"/"the Group"] today announces that Mr. Nadim Akhras has resigned, for personal reasons, as Group CEO.
Depa Discloses Shareholding Of Union Insurance Company
21/10/201521 October 2015; Dubai, UAE: 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.
Depa's Design Studio Group Appoints Ku Wei Siong As CEO
27/9/2015Singapore; 27 September 2015: Design Studio Group (“DS”), the Singapore-based subsidiary of Depa Limited, has announced the appointment of Ku Wei Siong as its new Chief Executive Officer. He will be responsible for the operations and strategic direction of DS, while also being part of Depa’s Executive Management team in charge of the Far East / Asia region.
Depa announces H1-2015 results
27/8/2015Dubai, UAE; 27 August 2015: Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”], one of the world’s leading interior contracting companies, today announced its financial and operational results for the six months period ended 30 June 2015 [“H1-2015”].
Depa Appoints Two Non-Executive Directors - 25 August 2015
25/8/2015Dubai, UAE; 25 August 2015: Depa Limited (Nasdaq Dubai: DEPA; “the Company”/“the Group”), one of the world’s leading interior contracting companies, is pleased to announce the appointments of Mr Khalifa Abdulla Al Romaithi and Mr Saeed Mohamed Saeed Faraj Al Mehairbi as Non-Independent, Non-Executive Directors of the Company, with immediate effect. They replace Mr Iyad AbdalRahim and Mr Wassel Al Fakhoury, who both gave notice of their resignations on 13 July 2015.
Depa Signs New Contracts Worth AED 719 Million
27/7/2015Dubai, UAE: 27 July 2015: Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”], one of the world’s leading interior contracting companies, signed new contracts worth over AED 719 million* in the first half of 2015 as the Company cemented its position in core markets by winning the Madinat Jumeirah Extension and Dubai Opera, while expanding into new international territories.
Depa Announces Resignation Of Two Board Members
13/7/2015Dubai, UAE; 13 July 2015: The Board of Depa Limited [Nasdaq Dubai: Depa; “the Company”/“the Group”], one of the world’s leading interior contracting solutions providers, confirms receipt of Mr Iyad AbdulRahim’s and Mr Wassel Al Fakhoury’s resignations from their positions as Non-Executive, Non-Independent Board Members of the Company on 13 July, 2015.
Depa Appoints Two Non-Executive Directors - 8 July 2015
8/7/2015Mohannad Sweid and Ahmed Ramdan join the Board of Depa Limited
Depa Announces Results of The Annual General Meeting 2015
17/6/2015Dubai, UAE; 17 June 2015: Depa Limited [Nasdaq Dubai: Depa; “the Company” / “the Group”], one of the world’s leading interior contracting solutions providers, held its Annual General Meeting [“AGM”] at 1500hrs on 16 June 2015.
Depa Announces Resignation of Two Independent Board Members
17/6/2015Dubai, UAE; 17 June 2015: The Board of Depa Limited [Nasdaq Dubai: Depa; “the Company” / “the Group”], one of the world’s leading interior contracting solutions providers, confirms receipt of Mr El Sayed Zakaria’s and Mr Mohamed Idriss’ resignations from their positions as Independent Board Members of the Company on 16 June, 2015. Regrettably their other professional commitments became too great for them to fulfill the requirements of their respective positions.
Notice of Annual General Meeting 2015
24/5/201524 May 2015; Dubai, UAE: Depa Limited (Nasdaq Dubai: Depa; “the Company”) is pleased to publish the Notice of its 2015 Annual General Meeting (“AGM”).
Q1-2015 Results
19/5/2015Dubai, UAE; 19 May 2015: Depa Limited [Nasdaq Dubai: Depa; “the Company” / “the Group”], one of the world’s leading interior contracting solutions providers, today published its first quarter trading update for the three-month period ended 31 March 2015, increasing its net profit after non-controlling interest [“NCI”] by 7% year-on-year to AED 15 million, despite a slight fall in revenue by 5% down to AED 440 million.
Clarification - Notification of Transaction - 6 April 2015
6/4/2015Dubai, UAE; 6 April 2015: Depa Limited would like to provide a clarification on the following statement: “Notification of Transaction”, filed on 25 March 2015.
Depa appoints Nadim Akhras as Group CEO (1)
2/4/2015Dubai, UAE; 2 April 2015: The Board of Directors of Depa Limited (Nasdaq Dubai: DEPA), one of the world’s leading interior contracting companies, confirmed on 1 April 2015 that it has appointed Nadim Akhras as Group Chief Executive Officer, effective immediately.
Notification of Transaction of Shares - 25 March 2015
25/3/2015Dubai, UAE; 25 March 2015: On 22 December 2014, Mr Khaldoun Tabari, a Non-Executive Non-Independent Board Director at Depa Limited, transferred 37,567,493 ordinary shares in the Company (his entire holding, previously held under Al Mal Capital PJSC) into a family trust under Clarity Fund Spc Ltd.
Depa’s Vedder secures three super-luxury contracts worth AED 95 million
18/3/2015Dubai, UAE; 18 March 2015: Depa Limited (Nasdaq Dubai: DEPA), one of the world’s leading interior contracting companies, has secured a super-lush residential and two mega yacht fit-out projects worth a combined AED 95.4 million through their German luxury interior and yacht specialist, Vedder.
APPOINTMENT OF INDEPENDENT BOARD MEMBER TO THE AUDIT AND COMPLIANCE COMMITTEE
27/11/2014Dubai, UAE; 27 November 2014: Depa Limited (Nasdaq Dubai: DEPA), one of the world’s leading interior contracting companies, announces the appointment of Mr Mohamed Idriss as an independent member to the Audit and Compliance Committee with immediate effect. The appointment was approved during the Board of Directors meeting held on 20th November 2014.
DEPA reports strong increase in Q3 2014 and year-to-date Net Profit and Backlog
23/11/2014Dubai, UAE; 23 November 2014: Depa Limited (NasdaqDubai: DEPA), one of the world’s leading interior contracting companies, today issued its third quarter and year-to-date trading update for the nine month period ended 30 September 2014, showing an encouraging improvement in Net Profit and Backlog.
Appointment Of Independent Board Of Director
14/10/2014Dubai, UAE; 14 October 2014: Depa Limited (NasdaqDubai: DEPA DU), one of the world’s leading interior contracting companies, announces the appointment of Mr Mohamed Idriss as an Independent Non-executive Board Director, replacing Mr Fahad Al Nabet, with immediate effect. The appointment, along with Mr Al Nabet’s resignation, was approved during the Board of Directors meeting held 12 October 2014; The Board appointed Mr Idriss in line with the Company’s Articles of Association, his re-appointment will be subject to shareholder resolution at the Company’s next general assembly.
Depa Announces Resignation Of CIO
30/9/2014Dubai, UAE; 30th September 2014: Depa Ltd (“Depa” or the “Company”), one of the world’s leading interior contracting companies, announces the resignation of Khalid Al Sawalhi, Chief Investment Officer, who has resigned to pursue other opportunities.
Depa Secures Two Hotel Fit-Out Contracts In Dubai
22/9/2014Dubai, UAE; 22 September 2014: Depa Ltd (“Depa” or the “Company”), one of the world’s leading interior contracting companies, has signed two new interior fit-out contracts in Dubai totalling AED 144 million with the Emerald Palace Kempinski Hotel, Palm Jumeirah, and the Novotel World Trade Centre.
Depa Board Names Mohamed Al Fahim As Chairman
15/9/2014Dubai, UAE; 15 September 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, announces the appointment of Mr. Mohamed Ali Al Fahim as Chairman of the Company. This follows the resignation of Mr. Hasan Ismaik on the 25 June 2014. The appointment was approved unanimously by the Board of Directors Meeting on the 8 September 2014.
Depa Announces Interim 2014 Financial Results
1/9/2014Dubai, UAE; 01 September 2014: Depa Limited (“the Company”) [Nasdaq Dubai: “Depa”], one of the world’s leading interior contracting companies, announced its financial and operational results for the six month period ended 30th June 2014.
Depa Limited- Appointment of Interim Board Director
26/8/2014Dubai, UAE; 26 August 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, announces that on 25th August 2014 the Board approved the appointment of Eng. El Sayed Zakaria Mohamed Ibrahim as an interim Board member. A permanent arrangement will be discussed and determined during the Board’s next formal meeting.
Correction - APPOINTMENT OF INTERIM BOARD DIRECTOR
26/8/2014Dubai, UAE; 26 August 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, announces that on 25th August 2014 the Board approved the appointment of Eng. El Sayed Zakaria Mohamed Ibrahim as an Non-independent Non-executive interim Board Director. A permanent arrangement will be discussed and determined during the Board’s next formal meeting.
Clarification on Share Trading Suspension
25/8/2014Dubai, UAE; 25 August 2014: Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, would like to clarify that today’s statement from the Dubai Financial Services Authority suspending trading in Depa Ltd shares is due to technicalities concerning the composition of the Board and its committees which are not aligned with the Corporate Governance Principles set out in the DFSA’s Markets Rules. The Board is discussing these issues including the constitution of the board, the appointment of a permanent Chairman and membership of the Board committees, and will keep the market informed of its progress.
DEPA secures AED 300 Million of new contracts
5/8/2014Dubai, UAE; 05 August 2014: Depa Ltd, one of the world’s leading interior contracting companies, has secured AED 304 million of new contracts in Asia and Europe.
DEPA LIMITED ANNOUNCES RESULTS OF THE ANNUAL GENERAL MEETING 2013
26/6/2014Dubai, UAE; 26 Jun 2013: Depa Limited held its Annual General Meeting (“AGM”) at 16.00 on 25 Jun 2013
CORRECTION - DEPA LIMITED ANNOUNCES RESULTS OF THE ANNUAL GENERAL MEETING 2014
26/6/2014Dubai, UAE; 26 Jun 2014: Depa Limited held its Annual General Meeting (“AGM”) at 16.00 on 25 Jun 2014
DEPA LIMITED ANNOUNCES CHAIRMAN’S RESIGNATION
25/6/201425 June 2014; Dubai, UAE: The Board of Depa Limited confirms receipt of Mr. Hasan Ismaik’s resignation from his position as non-executive chairman and Board Member of the company. The Board is currently considering the appointment of new chairman and will issue an announcement in due course.
AMENDMENT TO THE AGENDA OF DEPA LIMITED’S ANNUAL GENERAL MEETING OF 25TH JUNE 2014
19/6/201419 June 2014;Dubai, UAE: This notice is given by Depa Limited (the “Company”). Reference herein is made to the upcoming Annual General Meeting (“AGM”) of the Company, which will be held on Wednesday 25 June 2014. In the notice of AGM which was published by the Company on 3 June 2014, certain resolutions were tabled as special resolutions (Resolutions 7, 8 and 9) relating to the proposed issuance by the Company of convertible bonds.
CORRECTION TO THE VOTING INSTRUCTION FORM ATTACHED TO THE NOTICE OF THE ANNUAL GENERAL MEETING 2014 – RELEASED ON 3RD JUNE 2014
9/6/201409 June 2014; Dubai, UAE: Depa Limited announces that the Voting Instruction Form (the “Form”), which was attached to the Notice of the Annual General Meeting 2014 and released on 3rdJune 2014, has been amended.
NOTICE OF ANNUAL GENERAL MEETING 2014
3/6/201403 June 2014; Dubai, UAE: Depa Limited is pleased to publish the Notice of its Annual General Meeting (“AGM”).
DEPA LIMITED - Q1 UPDATE : 27% INCREASE IN NET PROFIT DURING Q1 2014
14/5/2014Dubai, UAE; 15 May 2014: Dubai, UAE; Depa Limited (Nasdaq Dubai: Depa), one of the world’s leading interior contracting companies, today issued a first quarter trading update for the period ended March 31 2014.
DEPA ANNOUNCES FY2013 FINANCIAL RESULTS AND ANNUAL FINANCIAL REPORT
30/4/2014Dubai,UAE; 30 April 2014: Depa Limited (Nasdaq Dubai: Depa)(“Depa” or the “Company”), one of the world’s leading interior contracting companies, today reported results for the full year ended 31 December 2013.
CHANGE OF REGISTRAR AND TRANSFER AGENT
24/3/201424 March 2014; Dubai, UAE: Depa Limited announced, as of today, that it has changed its Registrar and Transfer Agent, appointing Link Market Services( EMEA) (DIFC) Limited (“Link”) to replace Deutsche Bank Ag DIFC.
Notification of Connected Persons Transactions
27/1/201427 January 2014; Dubai, UAE: On 22 January 2014, Depa Limited was notified that on 16 January 2014, Mr Riad Kamal, through his business Skyberry Ltd, transferred 37,567,493 ordinary shares in the Company, representing 6.1% of the shares in issue, to Mr Khaldoun Tabari, a Board Director of Depa Limited at a price of $0.67 per share.
Correction to the Notification of Transaction announced on 25th Dec 2013
30/12/201330 December 2013; Dubai, UAE: On 24 December 2013, Depa Limited (“Depa” or “the Company”) received notification that the following members of the senior management, who qualify as connected persons under the DFSA market rules, sold the following number of shares granted to them as part of the Company’s Employee Stock Ownership Plan(ESOP) in August 2013. The shares were sold on 22nd December 2013,at a price of $0.60 per share.
Notification of Transaction - 30 December 2013
30/12/201330 December 2013; Dubai, UAE: On 23 December 2013, Depa Limited received notification that on 19 December 2013, Walid Zakaria, Regional CEO, Abu Dhabi sold 100,000 ordinary shares in the Company at a price of $0.60 per share. Following the transaction, Walid Zakaria holds 800,000 ordinary shares in Depa Limited.
Notification of Transaction - 26 December 2013
26/12/201326 December 2013; Dubai, UAE: On 26 December 2013, Depa Limited received notification that on 31 October 2013, EDGE Investments LLC, of which the ultimate beneficial owner is Gulf Capital, sold 8,098,983 ordinary shares in Depa Limited at a price of $0.55 per share. Following that transaction, the number of ordinary shares held by EDGE Investments LLC was 25,721,744 shares, representing 4.18% of the total issued share capital in Depa Limited.
Notification of Transaction - 24 December 2013
25/12/201325 December 2013; Dubai, UAE: On 24 December 2013, Depa Limited (“Depa” or “the Company”) received notification that the following members of the senior management, who qualify as connected persons under the DFSA market rules, sold the following number of shares granted to them as part of the Company’s Employee Stock Ownership Plan(ESOP) in August 2013. The shares were sold on 22nd December 2013,at a price of $0.60 per share.
Depa Limited MEDIA SPECULATION
25/12/2013Dubai, UAE; 25 December 2013: Following recent media speculation, Depa Limited is not aware of any interest that Arabtec may have in increasing its stake in the Company. Depa Limited has not been approached and has no knowledge of Arabtec approaching its shareholders in this regard.
Depa Limited Notification of Transaction - 20 December 2013
23/12/201323 December 2013; Dubai, UAE: On 20 December 2013, Depa Limited received notification that on 19 December 2013, Franklin Resources, Inc., on behalf of Templeton Asset Management Ltd. (“TAML”) sold 500,000 ordinary shares in the Company at a price of $0.60 per share. Following the transaction, TAML holds 30,347,897 ordinary shares, representing 4.94% of the total issued share capital in Depa Limited.
Depa Limited Notification of Transaction - 10 December 2013
16/12/201316 December 2013; Dubai, UAE: On 10 December 2013, Depa Limited received notification that on 10 December 2013, Walid Zakaria, Regional CEO, Abu Dhabi sold 100,000 ordinary shares in the Company at a price of $0.61 per share. Following the transaction, Walid Zakaria holds 900,000 ordinary shares in Depa Limited.
Depa Limited Notification of Transaction - 16 December 2013
16/12/201316 December 2013; Dubai, UAE: On ** December 2013, Depa Limited received notification that on 10 December 2013, Walid Zakaria, Regional CEO, Abu Dhabi sold 100,000 ordinary shares in the Company at a price of $0.61 per share. Following the transaction, Walid Zakaria holds 900,000 ordinary shares in Depa Limited.
Depa Limited strengthens the Board with appointment of two new Independent Non-Executive Directors
9/12/2013Dubai, UAE; 9th December 2013: Depa Limited, one of the world’s leading interior contracting companies, announces today that Mr. Roderick Maciver and Mr. Fahad Al Nabet have been appointed to the Company’s Board as Independent Non-Executive Directors. These two appointments replace Mr. Mohannad Sweid and Mr. Fawaz Al Hokair, both of whom have resigned from the Board.
Revised Statement- Depa Limited announces Resignation of Chief Executive Officer
7/10/2013Dubai, UAE; 7th October 2013: Depa Limited, one of the world’s leading interior contracting companies, announces today that Mohannad Sweid has resigned from his role as, Chief Executive Officer and member of the Board of Directors for personal reasons. The resignation was approved by the Board of Directors and will take place with immediate effect.
Depa’s Board of Directors Launches a Review
7/10/2013Dubai, UAE; 7th October 2013: Depa Limited, one of the world’s leading interior contracting companies, today announces that the Board of Directors has appointed Ernst & Young to undertake a comprehensive review of the Company’s financial position and operations along with an assessment of its operating model and business environment. The review is expected to be completed and presented to the Board of Directors by the first quarter of 2014.
Depa Limited announces Resignation of Chief Executive Officer (1)
7/10/2013Dubai, UAE; 7th October 2013: Depa Limited, one of the world’s leading interior contracting companies, announces today that Mohannad Sweid has resigned from his role as, Chief Executive Officer and member of the Board of Directors for personal reasons. The resignation was approved by the Board of Directors.
Depa Limited - Notification of Transactions - 3 October 2013
6/10/20136 October 2013; Dubai, UAE: On 3 October 2013, Depa Limited received notification that Al Futtaim Capital acquired a total of 39,259,745 ordinary shares in Depa Limited on 30 September and 3 October 2013 at a price of $0.44 per share.
Depa secures major Abu Dhabi Government interior fit-out project for AED 574 million
25/9/2013Abu Dhabi, UAE; 25 September 2013: Depa Limited, one of the world’s leading interior contracting companies, has secured an AED 574 million fit-out contract for a major government project in Abu Dhabi.
AED 900 MILLION ARBITRATION PROCEEDING LAUNCHED AGAINST ‘NEW DOHA INTERNATIONAL AIRPORT’
16/9/2013Dubai, UAE; 16 September 2013: Lindner Depa Interiors (‘LDI’) today announced that it has filed a circa AED 900 million (US$ 250 million) international arbitration claim against the New Doha International Airport (‘NDIA’). Linder Depa is a joint venture company between Depa Limited, one of the world’s leading interior contracting companies, and Germany’s Lindner AG one of the world’s most experienced international airport interior contractors. The arbitration proceeding has been commenced in the International Court of Arbitration of the International Chamber of Commerce, Paris, France.
DEPA REPORTS INTERIM RESULTS 2013
27/8/2013Dubai, UAE; 27 August 2013: Depa Limited (ticker: Depa) (“Depa” or the “Company”), one of the world’s leading interior contracting companies, today reported results for the six months period ended 30 June 2013.
DEPA ACQUIRES THE YACHT AND AIRCRAFT FIT-OUT BUSINESS OF GERMANY’S LOHER
4/8/2013Dubai, UAE; 4 August, 2013: Depa Limited (ticker: DEPA), one of the world’s leading interior contracting companies, today announces the acquisition of the assets of German-based LOHER Raumexklusiv GmbH’s (‘LOHER’) luxury interiors business, through its wholly-owned German subsidiary, Vedder, for an undisclosed sum.
DEPA CONTINUES ITS STRONG GROWTH IN SAUDI ARABIA
18/6/201318 June; Dubai, UAE:Depa Limited [ticker: DEPA], one of the world’s leading interior contractingcompanies, has announced the signing of two new projects and one contractvariation in Saudi Arabia for a total value of over AED 250 million [US$ 70million].
Depa appoints Hasan Abdullah Ismaik as Chairman
2/6/2013Dubai, UAE; 2 June 2013: The Board of Directors of Depa Limited (‘Depa’ or ‘the Company) one of the world’s leading interior contracting companies, today announced the appointment of Hasan Abdullah Ismaik as Chairman.
(Revised paragraph 4) Depa appoints Hasan Abdullah Ismaik as Chairman
2/6/2013Dubai, UAE; 2 June 2013: The Board of Directors of Depa Limited (‘Depa’ or ‘the Company) one of the world’s leading interior contracting companies, today announced the appointment of Hasan Abdullah Ismaik as Chairman.
CORRECTION - Depa Ltd - Result of Annual General Assembly 2013
16/5/2013CORRECTION - Depa Ltd - Result of Annual General Assembly * Resolution 7 was originally declared as non-approved. A counting error has been identified and this decision has now been reversed. The statement below has been updated to reflect the new results.
Depa Limited – Result of Annual General Assembly 2013
15/5/2013Dubai, UAE; 15 May 2013: Depa Limited held its Annual General Meeting (“AGM”) of Depa Limited at 17.00 on 13 May 2013
Depa national and foreign ownership update
28/4/2013Depa Limited (ticker: DEPA) today confirms that its foreign and national shareholder makeup, as of close of business 25 April 2013, is as follows:
Depa Limited - NOTICE OF DEPA LIMITED ANNUAL GENERAL MEETING 2013
11/4/2013Dubai, UAE; 11 April 2013: The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Monday 13 May 2013 at 17.00 at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 16.00.
Depa national and foreign ownership update (1)
2/4/2013Depa Limited (ticker: DEPA) today confirms that its foreign and national shareholder makeup, as of close of business 31 March 2013, is as follows:
Notification of Transactions - 31 March 2013
31/3/201331 March 2013; Dubai, UAE: On 27 March 2013, Depa Limited (“Depa” or “the Company”) received notification that Templeton Asset Management Ltd acquired 299,999 ordinary shares in the Company on 26 March 2013 at a price of $0.41 per share.
DEPA REPORTS FINANCIAL YEAR END 2012 RESULTS
14/3/2013Depa Limited (ticker: Depa) (‘Depa’ or the ‘Company’), one of the world’s leading interior contracting companies, announced today its full year audited results for the year ended 31 December 2012.
LINDER DEPA REBUTS QATAR AIRWAYS CLAIMS
30/12/2012Dubai, UAE: 30 December 2012: Lindner Depa Interiors (“LDI” or the “Company”) today acknowledges Qatar Airways statement as a false and misleading representation of the facts around the New Doha International Airport (NDIA) project. LDI is deeply disappointed by the allegations made by Qatar Airways and rebuts all claims. Furthermore, LDI has never had a contract or relationship with Qatar Airways, nor has it received any legal claim from the airline.
Depa returns to profit in third quarter 2012
26/11/2012- 11% increase in contract income year on year - Net profit of AED 3.4m in Q3 2012 compared to a loss of AED 16m in Q3 2011 - New projects signed keep backlog running at near record levels - Asian subsidiary Design Studio records 24th consecutive quarter of profitability
Notification of Transactions - 26 November 2012
26/11/201226 November 2012; Dubai, UAE: Depa Limited (“Depa” or “the Company”) today received notification that on 21 November 2012, Blakeney LLP, an investment manager, sold 44,184,611 ordinary shares in the Company.
Depa’s Design Studio continues to break records in Asia
25/11/2012Abu Dhabi, UAE; 14 November 2012: Depa Limited (ticker: DEPA) announced its subsidiary, Design Studio (or the “Group”) - Singapore’s leading premier furniture manufacturer, product and interior fitting-out specialist, reported a 102% increase in Q3 2012 revenues to AED 118.65 million [S$40.8m] and recorded a 24th consecutive quarter of profitability with net profit after tax of AED 6.9 million [S$2.4 million] due to increased revenue arising from the acquisition of DDS Group earlier in the year.
Notification of Transactions - 25 November 2012
25/11/201225 November 2012; Dubai, UAE: On 22 November 2012, Depa Limited (“Depa” or “the Company”) received notification that on 21 November 2012, Morgan Stanley & Co International Plc sold 34,004,471 shares in the Company.
Depa Ltd - Disclosure of Financial Interests
22/11/2012Dubai, UAE; 22 November 2012: Depa Limited (ticker: DEPA), one of the world’s leading interior contracting companies, today announces that Arabtec Holding PJSC has acquired 149,555,275 ordinary shares in the Company from a range of investment funds at a price of $0.44 per share, representing approximately 24% of Depa’s total issued share capital.
DEPA Ltd Statement
21/11/2012Dubai, UAE: 20 November 2012: At the DFSA's request, Depa Limited (ticker: DEPA) (‘Depa’ or the ‘Company’) announces today that it has reason to believe that an unknown Dubai or Abu Dhabi based entity wishes to acquire a sizeable stake in its ordinary shares off market. At this stage the name of the purchaser, the size of their current stake and their intentions are unknown. Depa cannot verify this and will update the market when and as appropriate.
DEPA awarded AED 93.5m interior decorating contract for the Hilton Hotel, Abu Dhabi
5/11/2012Abu Dhabi, UAE; 5 November 2012: Depa Limited (ticker: DEPA) announced a AED 93.5 million contract to undertake the supply and installation of interior decoration works for the Hilton Hotel in Abu Dhabi, UAE.
Third Quarter Trading Statement
4/11/2012Dubai, UAE: 4 November 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘Company’), one of the world’s largest interior contractors, today issues a third quarter trading statement ahead of its third quarter and nine months results which will be published towards the end of November.
Depa national and foreign ownership update (2)
9/10/2012Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today confirms that its foreign and national shareholder makeup, as of close of business 8 October 2012, is as follows:
Depa – Interim Results 2012
30/8/2012Dubai, UAE: 30 August 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘Company’) today reported results for the six months ended 30 June 2012.
Lindner Depa’s Doha International Airport contract terminated
24/6/2012Dubai: 24 June 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘Company’) confirms its joint venture company Lindner Depa has had its contract terminated by Doha International Airport. This follows the announcement on 20 June that Lindner Depa’s performance bond and advance payment guarantee were pulled due to Lindner Depa's refusal to accept new non-favourable contract terms and conditions. The Company is in discussions with its lawyers in order to assess the situation and consider its options.
Lindner Depa’s Doha International Airport contract performance bond pulled
19/6/2012Dubai: 19 June 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘Company’) announced today that its joint venture company with Linder AG, Lindner Depa (Depa 51%, Lindner 49%), has had its contract performance bond (AED 96 million) and advance payment guarantee (AED 81 million) with Doha International Airport pulled.
Depa appoints Non-Executive Director
28/5/2012Dubai, UAE; 27 May 2012: Depa Limited (ticker: DEPA) confirms the appointment of Mr Chris Foll as a Non-Executive Director of the Board. He was selected by the Nomination Committee as a representative of Gulf Capital, a major shareholder in the Company.
Depa Limited – Result of Annual General Assembly 2012
21/5/2012At the Annual General Meeting of Depa Limited held at 17.00 on 17 May 2012, the following resolutions were approved by shareholders:
Depa Limited: Disclosure of Financial Interests
26/4/2012Dubai, UAE; 26 April 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’) was today informed by Blakeney LLP that it purchased 744,170 ordinary shares on the 25th April 2012.
NOTICE OF DEPA LIMITED ANNUAL GENERAL MEETING 2012
25/4/2012Dubai, UAE; 25 April 2012: The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Thursday 17 May 2012 at 17.00 at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 16.00.
Depa Limited: Disclosure of Financial Interests (1)
18/4/2012Dubai, UAE; 18 April 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’) was recently informed by Blakeney LLP that it had purchased 3,279,638 ordinary shares on the 10th April 2012.
Depa reports financial year 2011 results
26/3/2012Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today issues its full year audited results for the year ended 31 December 2011.
Depa - Trading Statement
29/2/2012Dubai, UAE ; 29 February 2012: Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today issued a trading statement ahead of announcing 2011 year end results towards the end of March 2012. From the start of the new financial year, and on-going, Depa will report its financials on a quarterly basis.
Depa Limited: Disclosure of Financial Interests (2)
15/2/2012Dubai, UAE; 15 February 2012: Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’) was today informed by Blakeney LLP that it purchased 2,673,488 ordinary shares on the 8 February 2012.
Depa national and foreign ownership update (3)
22/1/2012Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today confirms that its foreign and national shareholder makeup, as of close of business 19 January 2012, is as follows:
Notification of Transactions - 30 November 2012
4/12/20114 December 2011; Dubai, UAE: On 30 November 2011, Depa Limited (“Depa” or “the Company”) received notification from that on 27 November 2011, Morgan Stanley & Co International Plc acquired an additional 800,000 shares in the Company, at a price of $0.39 each.
Depa Limited:Q3 2011 Trading Update
24/10/2011• Backlog jumps to record high of AED 3.9 billion • Company signs the largest contract in its history Dubai, 24 October 2011 : Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today issued the following trading update for the third quarter ended 30 September 2011.
Depa Limited: Interim Results 2011
24/8/2011Depa Limited (ticker: DEPA) ("Depa" or the "Company"), one of the world's largest interior contractors today reported results for the six months ended 30 June 2011.
Typographical correction to Depa’s July 14 2011 Trading Statement
14/7/2011Depa Limited (ticker DEPA) (‘Depa’), one of world’s leading interior contracting companies, would like to make a typographical correction to the Trading Statement it issued on 14 July 2011. In the Trading Statement, Depa stated that its total backlog stood at $2.3bn. This should have been reported as AED2.3bn.
Trading Statement
14/7/2011Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today issued a pre-close trading statement ahead of announcing interim results in mid August.
Depa FY2010 reports and consolidated financial statements
31/5/2011Depa reports and consolidated financial statements for year ended 31 December 2010.
Depa Ltd – Result of Annual General Assembly 2011
22/5/2011At the Annual General Meeting of Depa Limited held at 17.00 on 18 May 2011, the following resolutions were approved by shareholders:
Year End 2010 Trading Update
6/5/2011Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today issued the following trading update for the year ended 31 December 2010, ahead of the publication of its full year results.
Depa first quarter 2011 trading statement
4/5/2011Dubai, UAE; 4 May 2011: Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today issued a first quarter trading update for the period ended 31 March 2011.
Depa national and foreign ownership update (4)
3/5/2011Depa Limited (ticker DEPA) (‘Depa’ or the ‘Company’), one of world’s leading interior contracting companies, today confirms that its foreign and national shareholder makeup, as of close of business 2 May 2011, is as follows:
NOTICE OF DEPA LIMITED ANNUAL GENERAL MEETING 2011
6/4/2011The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Wednesday 18 May 2011 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm.
DEPA wins major UK luxury hotel refurbishment contract
4/4/2011Dubai / London, 4 April 2011 – Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, announced it has secured a £2 million furniture, fixtures & equipment (FF&E) contract to fit out the whole of the Raithwaite Hall Country Retreat in Yorkshire, United Kingdom.
Depa awarded first contract in Syria
29/12/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’) today announced it has signed a AED 72 million (USD$ 19.8 million) contract for the complete fit-out and loose furnishings works on the five-star Yasmeen Rotana Hotel in Damascus, Syria. Depa was appointed by Bena Properties, the real estate development and investment arm of Cham Holding.
Notification of Transaction by a Managing Director - 13 December 2010
14/12/2010On 13 December 2010, Depa Limited received notification from Mr Christopher Holmes, Managing Director of Quality Assurance/Quality Control of Depa Ltd, as follows:
Notification of Transaction by a Managing Director - 9 December 2010
13/12/2010On 9 December 2010, Depa Limited received notification from Mr Christopher Holmes, Managing Director of Quality Assurance/Quality Control of Depa Ltd, as follows:
Depa national and foreign ownership update (5)
10/12/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 22 December 2010, is as follows:
Notification of Transaction by a Managing Director - 11 November 2010
14/11/2010On 11 November 2010, Depa Limited received notification from Mr Ayman Khaireddin, Managing Director, Commercial, as follows:
Depa national and foreign ownership update (6)
11/11/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 10 November 2010, is as follows:
Q3 2010 Trading Update
31/10/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today issues the following update for the third quarter ended 31 September 2010.
Notification of Transaction by a Managing Director - 20 October 2010
24/10/2010On 20 October 2010, Depa Limited received notification from Mr Ali Malas, Managing Director, New Markets, as follows:
Depa appoints new Finance Director
21/10/2010Dubai; 21st October 2010 – Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today announces the appointment of Umar Saleem as Managing Director, Finance, effective as of 24 November 2010. Umar will replace Eyad Abdelrahim, who has resigned to pursue other interests after being with the Company for eight years.
Depa national and foreign ownership update (7)
17/10/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 13 October 2010, are as follows:
Depa JV wins Cleveland Clinic Abu Dhabi contract
11/10/2010Depa JV wins Cleveland Clinic Abu Dhabi contract and enters Yemen market
Notification of Transaction by a Managing Director - 7 September 2010
13/9/2010On 7 September 2010, Depa Limited received notification from Mr Eyad Abdelrahim, Managing Director of Finance of Depa Limited, as follows:
Depa acquires Design Studio in Singapore
29/8/2010Dubai, 26 August 2009 - Depa Limited (ticker DEPA) (“DEPA” or “the Company”), the world’s largest interior contractor today announces the acquisition of Design Studio Furniture Manufacturer Ltd ('Design Studio')
Audited Financials for Period Ended 30 June 2010
29/8/2010Depa audited financials for period ended 30 June 2010.
Depa Limited: Interim Results 2010
26/8/2010Depa Limited (ticker: DEPA) (‘DEPA’ or ‘the Company’), one of the world's largest interior contractors today reported results for the six months ended 30 June 2010.
Depa wins $60m contract for second major project in Angolan capital (1)
18/8/2010Dubai, 18th August 2010 – Depa Limited today announces that it has been awarded a major contract for both the interior fit-out and furniture, fixtures and equipment (FF&E) of a five star Hotel & Casino in Luanda, the Capital of Angola. The contract is worth $60m (AED220m).
Notification of Transactions by a Director - 13 July 2010
14/7/2010On 13 July 2010, Depa Limited (“Depa” or “the Company”) received notification that over the period 6 July and 12 July 2010 Mr. Nadim Akhrass, Managing Director of Operations of Depa, sold 357,018 ordinary shares in the Company, at a price of $0.74 each. Following the transaction, Mr. Nadim Akhrass holds 719,095 ordinary shares.
Offer for outstanding shares in Design Studio Furniture Manufacturer Ltd, Singapore
28/6/2010The board of directors of Depa Limited ("Depa or the "Company") wishes to announce that CIMB Bank Berhad, Singapore Branch ("CIMB"), has announced, for and on behalf of Depa Interiors LLC, an indirect wholly-owned subsidiary of the Company (the "Offeror"), a firm intention to make a voluntary conditional cash offer (the "Offer") for all the shares in Design Studio Furniture Manufacturer Limited (“Design Studio”) which are not already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it (the "Offer Shares"). The Offeror's announcement can be found on the website of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) at www.sgx.com.
Depa national and foreign ownership update (8)
30/5/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 26 May 2010, are as follows:
Q1 2010 Trading Update
20/5/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today issues the following update for the first quarter ended 31 March 2010.
Result of AGM
19/5/2010At the Annual General Meeting of Depa Limited held at 17:00 on 18 May 2010, the following resolutions were approved by shareholders:
NOTICE OF DEPA LIMITED ANNUAL GENERAL MEETING 2010
22/4/2010The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Tuesday 18 May 2010 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm.
Notification of Transactions by a Director - 21 April 2010
22/4/2010On 21 April 2010, Depa Limited (“Depa” or “the Company”) received notification from Mr. Mohamed Ali Malas – Managing Director of New Markets of Depa Ltd, as follows:
Share transaction by a director - Pursuant notification
7/4/2010Pursuant to the notification made earlier today by Depa with regards to a share transaction by a director, please note that the transaction was carried out on 1 April 2010.
Notification of Transactions by a Director - 4 April 2010
7/4/2010On 4 April 2010, Depa Limited (“Depa” or “the Company”) received notification that Mr. Walid Zacharia, one of Depa’s Managing Directors, sold 2,000,000 ordinary shares in the Company, at a price of $0.75 each. Following the transaction, Mr. Walid Zacharia holds 1,600,000 ordinary shares.
Audited consolidated financial statements and Annual Report
31/3/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contractors, today reports its audited consolidated financial statements and Annual Report, attached herewith.
Depa reports FY2009 results. Strong revenue and profit growth
31/3/2010Depa reports FY2009 results. Strong revenue and profit growth Dividend increased 18% to AED 0.13 per share, subject to AGM approval
Depa national and foreign ownership update (9)
30/3/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 29 March 2010, are as follows:
Notification of stock split and redenomination postponement
28/3/2010Depa Limited (“Depa” or “the Company”) announces today that the stock split and redenomination from US Dollars to UAE Dirhams, planned by Depa and approved by shareholders on 15 March 2010, will now be postponed from the announced execution date of 30 March 2010. The stock split and redenomination will be conducted immediately prior to the migration of the NASDAQ Dubai processing platform to the Dubai Financial Market platform. The new record date will be confirmed to the market in a timely manner, pending confirmation of the platform migration.
Depa acquires leading regional marble company (1)
21/3/2010Dubai, 21 March 2010 // Depa (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, announced today that it has wholly acquired Carrara Mid East Industrial Co. LLC, one of the region’s first, and the market’s leading producer and installer of high quality stone. Carrara operations include three state of the art facilities located in the UAE which serve the Middle East, India, and Africa at the high quality level with which the company’s brand has become associated.
Result of EGM
16/3/2010Depa (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, announces today that at its Extraordinary General Meeting held at 17:00 on 15 March 2010, the following resolutions were approved by shareholders:
Depa national and foreign ownership update (10)
7/3/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 3 March 2010, are as follows:
Depa Trading Statement
16/2/2010Dubai, 16 February 2010 – Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today issues the following update ahead of the announcement of its full year audited results, expected to be published on 29 March 2010.
NOTICE of DEPA LIMITED EXTRAORDINARY GENERAL MEETING
11/2/2010The Directors of Depa Limited hereby give notice that an Extraordinary General Meeting of the Company shall be held on Monday 15 March, 2010 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm.
Notification of Transactions by a Director - 8 February 2010
8/2/2010On 8 February 2010, Depa Limited (“Depa” or “the Company”) received notification from Mr. Mohamed Ali Malas – Managing Director of New Markets of Depa Ltd, as follows:
Depa national and foreign ownership update (11)
2/2/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 31 January 2010, are as follows:
Depa national and foreign ownership update (12)
17/1/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 13 January 2010, are as follows:
Depa national and foreign ownership update (13)
3/1/2010Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 31 December 2009, are as follows:
Notification of Transaction by a Director - 23 December 2009
24/12/2009On 23 December 2009, Depa Limited (“Depa” or “the Company”) received notification from Mr. Mohannad Sweid, Chief Executive Officer of Depa Ltd, that on 20 and 22 December 2009 he acquired 15,000 shares in the Company, at a price of $0.55 each. Furthermore, on 23 December he acquired a further 5,000 shares, at a price of $0.54 each.
Depa JV wins second Dubai Metro contract for AED245m to fit out Green Line stations
16/12/2009Depa has already begun handing over Red Line stations – On time
Depa national and foreign ownership update (14)
16/12/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 14 December 2009, are as follows:
Depa completes Share Repurchase Programme
9/12/2009Depa 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 700,119 shares between 1 and 30 November 2009 at an average price of USD 0.745.
Depa continues Share Repurchase Programme
9/11/2009Depa 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.
Depa national and foreign ownership update (15)
5/11/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 3 November 2009, are as follows:
Results of Depa EGM
1/11/2009At the Extraordinary General Meeting of Depa Limited held at 17:00 on 29 October 2009, the following resolutions were approved by shareholders:
Notification of Transactions by a Director - 26 October 2009
29/10/2009On 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:
Depa national and foreign ownership update (16)
21/10/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 20 October 2009, are as follows:
Notification of Transactions by MD - 7 October 2009
15/10/2009On 7 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:
Depa continues Share Repurchase Programme (1)
8/10/2009Depa 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 1,139,118 shares between 1 and 30 September 2009 at an average price of USD 0.721.
Statement regarding repurchase of shares by Depa Limited (the “Company”) to its shareholders
1/10/2009Pursuant to the Company’s Extra-Ordinary General Shareholder’s Meeting held at 6:00pm on 05 November 2008 at Emirates Towers, where the shareholders voted in favour of a resolution to give power to the Board of Directors of the Company to approve a share buy-back, the Company gave a written notice to its shareholders stating its intention to undertake a Share Repurchase programme (SRP) during a period of 12 months effective 27 November 2008.
Depa wins AED207 million fit-out contract for Conrad Hotel in Dubai
30/9/2009Depa will fit out all guest rooms and public areas within the hotel, which is set to open in mid 2011
NOTICE OF DEPA LIMITED EXTRAORDINARY GENERAL MEETING (1)
29/9/2009The Directors of Depa Limited hereby give notice that an Extraordinary General Meeting of the Company shall be held on Thursday 29 October 2009 at 17.00 at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 16.00.
Review report and interim consolidated financial information for the period ended 30 June 2009
26/9/2009Depa's Review report and interim consolidated financial information for the period ended 30 June 2009
Depa national and foreign ownership update (17)
10/9/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder ownership, as of close of business 9 September 2009, are as follows:
Depa continues Share Repurchase Programme (2)
9/9/2009Depa 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 1,736,216 shares between 1 and 31 August at an average price of USD 0.622.
Depa Limited: Interim Results 2009 - Net Profits up 65%
26/8/2009Depa Limited (ticker DEPA) (“DEPA” or “the Company”), the world’s largest interior contractor today reports results for the six months ended 30 June 2009.
DEPA Limited - Annual Report
26/8/2009Dubai, 26th August, 2009 – With reference to our Market Announcement dated 30th March 2009 containing inter-alia the Annual Report and Accounts of the Company for the Year ended 31st December 2009, we are again submitting the same along with the scanned original signature of the Directors as per the requirement of the Markets Law (DIFC Law No.12 of 2004). The signatures were inadvertently omitted from the original filing.
Depa continues geographical diversification plans and enters Angolan market
24/8/2009Dubai, 24 August 2009 – Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today announces that it has entered the Angolan market through an initial contract to fit out all 202 guest rooms and public areas of the Talatona Convention Centre Hotel in Luanda, Angola. This first contract in Angola has a value of AED 9.2 million.
Depa wins AED200 million Ferrari Theme Park contract in Abu Dhabi
17/8/2009Dubai, 17 Aug 2009 – Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today announces that its subsidiary, Depa Abu Dhabi, and its joint venture, Mivan Depa, have together won a AED 200 million contract for the complete fit out works for Abu Dhabi’s Ferrari World on Yas Island.
Depa continues Share Repurchase Programme (3)
9/8/2009Depa 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.
Notification of Cancellation of Shares
3/8/2009Depa Limited (“Depa” or the “Company”) announces that on 14 July 2009, the Company cancelled the 12,024,768 shares repurchased by the Company between 27 November 2008 and 30 June 2009. This follows shareholder approval at the Annual General Meeting, held on 5 November 2008.
Depa continues Share Repurchase Programme (4)
6/7/2009Depa 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 2,339,362 shares between 1 and 30 June at an average price of USD 0.61.
Depa national and foreign ownership update (18)
28/6/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today confirms that its foreign and national shareholder makeup, as of close of business 25 June 2009, are as follows:
Depa continues Share Repurchase Programme (5)
9/6/2009Depa 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 1,512,815 shares between 1 and 31 May at an average price of USD 0.52.
Depa Q1 2009 Trading Update
31/5/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today issues the following update for the first quarter ended 31 March 2009.
Depa Q1 2009 Contracted Backlog Update
26/5/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contracting companies, today issues a breakdown of the core constituents making up its strong contracted backlog. The Company recently confirmed that it has a backlog of approximately AED 3.2 billion as of 31 March 2009, constituting 154 projects. Depa plans to issue this breakdown on a quarterly basis.
Depa continues Share Repurchase Programme (6)
6/5/2009Depa 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 714,277 shares between 1 and 30 April at an average price of USD 0.42.
Result of Depa Limited Annual General Meeting 2009
5/5/2009At the Annual General Meeting of Depa Limited held at 17:00 on 5 May 2009, the following resolutions were approved by shareholders:
Depa Limited expiry of one year lock-up period
8/4/2009Dubai, 8 April 2008 - Depa Limited (“Depa” or the “Company”), one of the world’s largest interior contractors, today announces the expiry of its one year lock-up period. At the time of the IPO, Depa as the Issuer, agreed to a one year lock-up on the issue, offer, sale and related activities as outlined in the IPO prospectus. This lock-up period ends on 23 of April 2009.
Depa continues Share Repurchase Programme (7)
8/4/2009Depa 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 1,414,070 shares between 1 and 31 March at an average price of USD 0.41.
NOTICE of DEPA LIMITED 2009 ANNUAL GENERAL MEETING
2/4/2009The Directors of Depa Limited hereby give notice that the Annual General Meeting of the Company shall be held on Tuesday 5 May 2009 at 5.00pm at Emirates Towers Hotel, Dubai, UAE. Registration will commence from 4.00pm.
Re Depa Limited Dividend Record Date
2/4/2009Re Depa Limited Dividend Record Date announcement made on 31 March 2009, please note the ex-dividend date should read Thursday 2nd April 2009. All other dates and figures are correct.
Dividend Record Date
31/3/2009Depa Ltd confirms the proposed dividend for the year ended 31 December 2008 of AED 0.11 per share, representing 35% of net profits, subject to shareholder approval at the Annual General Meeting scheduled for Tuesday 5th May 2009.
Depa reports FY2008 results, in line with expectations with strong revenue and profit growth
30/3/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s leading interior contractors, today reports its full year audited results, for the year ended 31 December 2008 ; seeing strong growth in revenues and profits in line with expectations.
Share repurchase programme - February
11/3/2009Depa 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 3,259,257 shares between 1 and 28 February at an average price of USD 0.40.
Depa signs AED45m contract to furnish the El Nile Hotel Kempinski in Egypt
4/3/2009"Dubai, March 4 2009 – Depa Limited (“Depa”, ticker DEPA), one of the world’s largest interior contractors, announced today that it has won a $12.5million (AED45 million) contract for the Furniture, Fixtures & Equipment (‘FF&E’) of the El Nile Hotel Kempinski in Garden City, Cairo, Egypt. Depa was awarded this project by El Nile Company for Hotels and it is due for completion by September 2009. "
Depa Subsidiary wins $50 m Resort Project in Morocco
24/2/2009Dubai, 24 February 2009 - Depa Limited (“Depa”, ticker DEPA), one of the world’s largest providers of interior contracting services, announced today that its Moroccan subsidiary, DepaMar, has been awarded a USD50 million (AED 183 million) order by Kerzner International Developments, at the Mazagan Resort villas in El Jadida, on the Atlantic coast of Morocco.
Depa Corrected Trading Statement
17/2/2009* This announcement supersedes the earlier trading statement made to CANDI on 17 February 2009. The previous announcement states the correct cash position of approximately AED352.2million, but the conversion to dollars, is incorrect and is USD96m not (USD70m) as of the year end.
Depa Trading Statement (1)
17/2/2009Dubai, 17 February 2009 – Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), one of the world’s largest interior contractors, today issues the following update ahead of the announcement of its full year audited results, expected to be published on 30 March 2009. The date reflects the time needed to consolidate 26 companies for the first time as a public reporting entity.
Depa signs AED129m contract for prestigious Palazzo Versace Hotel, Dubai
11/2/2009Dubai, 11 February 2009 - Depa Limited (“Depa”, ticker DEPA), one of the world’s largest providers of interior contracting services, announced today that it has won a AED129m (US$32.7m) contract for the fit-out works of hotel rooms and furnished apartments in the prestigious Palazzo Versace Hotel in Dubai. The project is due for completion on 30 April 2010.
Depa continues Share Repurchase Programme (8)
10/2/2009Depa 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 1,952,168 shares between 1 and 31 January at an average price of USD 0.51.
Depa commences Share Repurchase Programme
9/1/2009Depa Limited (ticker DEPA) (‘Depa’ or ‘the Company’), the world’s largest interior contractor, today confirms that it has completed the first set of transactions of its Share Repurchase programme. Depa purchased a total of 832,819 shares between 22 and 31 December at an average price of USD 0.51.
Depa wins AED 28.7m contract in Saudi Arabia
5/1/2009Dubai, 5 January: Depa Limited (“Depa”, ticker DEPA), the world’s largest provider of interior contracting services, today announces that its subsidiary, Depa Saudi Arabia (”Depa SA”), has been awarded a contract to renovate the Office of the Minister of Defense and Aviation in Jeddah. The AED 28.7 million contract, which is for renovation and the fit-out works of offices and public areas, is due for completion in April 2009.
Depa JV wins AED 118m contract for fit-out works in landmark resort in Singapore
30/12/2008Dubai, 29 December 2008 – Depa Limited (ticker DEPA), the world’s largest interior contractor, today announces that its joint venture, DDS Contracts & Interior Solutions Pte Ltd (“DDS”), has won an AED 118m contract for the fit-out works of an entertainment venue at Resorts World (“RWS”) an integrated holiday resort on the popular island of Sentosa, Singapore.
Notice of Repurchase of Shares by Depa Limited (the “Company”) to its shareholders
26/11/2008Pursuant to the Company’s Extra-Ordinary General Shareholder’s Meeting held at 6:00pm on 05 November 2008 at Emirates Towers, where the shareholders voted in favor of a resolution to give power to the Board of Directors of the Company to approve a share buy-back, the Company hereby gives a notice to its shareholders its intention to a Share Purchase programme (SRP) during a period of 12 months effective 27 November 2008.
Depa JV signs its second contract in Singapore
17/11/2008Depa Limited (ticker DEPA), the world’s largest interior contractor, today announces that its joint venture, DDS Contracts & Interior Solutions Pte Ltd (“DDS”), has been awarded its second contract in Singapore for the fit-out of basements and first storey for the three towers in the prestigious Marina Bay Sands™ Integrated Resort. This fit-out project has a contract value of approximately AED 50.7 million.
Results of Extraordinary General Meeting of Shareholders
6/11/2008At the Depa Ltd Extraordinary General Meeting of Shareholders, held yesterday at 6:00pm, shareholders passed all resolutions.
Depa acquires world-leading international yacht fit-out specialist, Vedder
4/11/2008Dubai, 04 November 2008: Depa Limited (ticker DEPA), the world’s largest provider of interior contracting services, today announces that it has acquired Möbelwerkstätten Vedder GmbH (‘Vedder’), a leading luxury yacht interior design and high quality fit-out specialist based in Germany. This acquisition is in line with Depa’s diversification and horizontal expansion strategy of acquiring strong niche players in its core business lines in target markets.
Notification of Transactions by a Director - 29 October 2008
29/10/2008On 29 October 2008, Depa Limited (“Depa” or “the Company”) received notification from Mr. Abdullah Al-Mazrui, Chairman of the Board of Directors of Depa Ltd, as follows
Notification of Transactions - 28 October 2008
28/10/2008On 28 October 2008, Depa Limited (“Depa” or “the Company”) received notification from Al-Futtaim Capital as follows:
Notification of Transactions - 27 October 2008
27/10/2008On 27 October 2008, Depa Limited (“Depa” or “the Company”) received notification from Al-Futtaim Capital as follows:
Expiry of six month lock-up period
21/10/2008Dubai, 21 October 2008 - Depa Limited (ticker DEPA) (“DEPA” or “the Company”), the world’s largest interior contractor today announces the expiry of its six month lock-up period. At the time of the IPO, Depa Ltd and the Selling Shareholders (as defined in the IPO prospectus) agreed to a 6-month lock-up on the issue, offer, sale and related activities as outlined in the IPO prospectus. The six month lock-up period has now ended. These locked-up shares represented 35% of total locked-up shares and 20% of total outstanding shares. The remaining locked-up shares will be released on 19 April 2009.
DEPA's JV wins AED 82m of contracts and beats Atlantis deadline
16/10/2008Dubai, 15 October 2008 - Depa Limited (“Depa”, ticker DEPA), the world’s largest provider of interior contracting services, announces that its Joint Venture, Mivan Depa, has recently won three contracts totalling AED 82 million.
Chairman's Letter - Notice of EGM
6/10/2008If you have sold or transferred your interest in Depa Ltd shares, please send this Letter, together with the enclosed Voting Instruction, Attendance Request Form and Notice of Extraordinary General Meeting, to the broker through whom the sale or transfer was effected for onward transmission.
Notice of Extraordinary General Meeting
6/10/2008NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of Depa Ltd (the “Company”) will be held at Emirates Towers Hotel, Dubai, United Arab Emirates on Wednesday November 5, 2008 at 6:00pm for the purpose of considering and, if thought fit, passing the following special resolutions which will be proposed.
Notification of Transaction by a Director - 1 September 2008
1/9/2008On 1 September 2008, Depa Limited (“Depa” or “the Company”) received notification from Mr. Mohannad Sweid, Chief Executive Officer of Depa as follows:
Interim Results 2008: Net Profits up 75%
20/8/2008Dubai, 20 August 2008 – Depa Limited (ticker DEPA) (“DEPA” or “the Company”), the world’s largest interior contractor today, reports results for the six months ended 30 June 2008*.
Depa Trading Update
28/7/2008Depa Limited (ticker DEPA) (“DEPA” or “the Company”), the world’s largest interior contractor, issues the following update ahead of the announcement of its interim results on 20 August 2008.
Depa JV signs its first contract in Singapore
22/7/2008JV awarded AED 186.5 million contract for fit out of Marina Bay Sands Integrated Resort Hotel Tower 1
Depa secures 8 new hotels and a private palace in the UAE, Value of orders total over AED 800m
9/7/2008Depa Limited, the world's largest interior contractor, today announces that it has secured orders for the complete fit-out works for eight prestigious new five and four star hotels across the UAE as well as a private palace in UAE.
Depa’s subsidiary wins Saks Fifth Avenue contract in Bahrain
17/6/2008Dubai, June 17 2008: Depa Limited (“Depa”), the world’s largest provider of interior contracting services , today announced that its subsidiary, Deco Emirates Co LLC (“Deco”), has been awarded the contract for the complete fit out of the luxury store, Saks Fifth Avenue, in Bahrain City Centre, a landmark development for Bahrain expected to open during September this year.
Exercise of over-allotment option
27/5/2008Depa Limited ("Depa") today announced that, following its receipt of notice from Morgan Stanley and Co International plc of exercise of the over-allotment option with respect to 3,487,341 shares as described in the prospectus dated 18 April 2008 (the “Prospectus”), Depa has today issued and allotted 3,487,341 shares to Al Mal Defined Opportunity Fund I. The net proceeds arising from the exercise of the over-allotment option will be payable to Depa and will be used for such purposes as described in the Prospectus.
Acquisition of JWICO
6/5/2008Depa Expands to Jordan, and Takes a Strategic Stake in Jordan Wood Industries Company
Notification of Transaction by a Director - 1 May 2008
1/5/2008On 01 May 2008, Depa Ltd.("Depa" or "the Company") received notification from Mr. Mohannad Sweid as follows:
Depa JV wins fit-out contract for Bahrain Bay Development's first building
29/4/2008ubai, 29 April 2008 – Mivan Depa, a locally-based specialist theme contractor, today announces that it has been awarded the complete fit out works for the Arcapita Bank Headquarters. Located in the Kingdom of Bahrain, it will be the first building to be erected in the prestigious Bahrain Bay Development complex. The contract was awarded by Atkins and Nass, Murray and Roberts, and has a value of USD 20.6 million.
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Depa Group has worked on some of the world’s most iconic projects.
Depa Group has over 20 years of experience, having delivered projects in 43 countries, across 11 sectors.
