Dubai, UAE; 4 July 2017: Depa Limited (“Depa”), provides clarification on the statement: "Notification of Transaction", published on 2 July 2017.
On 29 June 2017, Depa received notification from Mr. Khaldoun Tabari, a non executive director, of his acquisition and disposal of Depa shares.
It should be made clear that the 21,078,060 shares which were reported as disposed were not disposed and remain in the beneficial ownership and control of Mr. Khaldoun Tabari.
Depa Limited has a total issued share capital of 614,726,448 ordinary shares and outstanding ordinary shares in issue of 607,860,365.
A restated summary of the transaction is set out below.
RESTATED SUMMARY OF TRANSACTION
|
No. of Shares Acquired |
Date Acquired |
Share Price (USD) |
Class of Shares |
Proportion of Outstanding Shares Held Before Acquisition (%) |
Proportion of Outstanding Shares Held Post Acquisition (%) |
Total No. of Shares Held |
|
163,000 |
29 June 2017 |
0.358 |
Ordinary |
3.56 |
3.59 |
21,827,808 |
For further information, please contact:
Depa Limited Tel: + 971 4 446 2100
David Holiday
Group Chief Legal Officer & Company Secretary
For more information, please refer to the corporate website: www.depa.com
Notes to editors:
Depa is a strategic management company specialising in global interior solutions. Depa’s four Key Business Units hold leading positions in their respective markets: Design Studio, Vedder, Depa Interiors Group and Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on three regional hubs: Asia, Europe and the Middle East.
Depa’s mission, shared by each of its Key Business Units, is to deliver sustainability, profitability and performance for our clients, shareholders and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service.
Depa Limited is listed on the Nasdaq Dubai (DEPA:DU) and is headquartered in Dubai, United Arab Emirates.
Disclaimer: Nasdaq Dubai is not responsible for the content of issuer disclosures. Issuer disclosures remain subject to DFSA rules.
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