Dubai, UAE; 6 April 2015: Depa Limited would like to provide a clarification on the following statement: “Notification of Transaction”, filed on 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, representing an ownership of 6.11% in the Company and previously held under Al Mal Capital PJSC into a family trust under Clarity Fund SPC Ltd (with registered office at Midocean Chambers, Road Town, Tortola, British Virgin Islands). There was no consideration paid in relation to this transaction.
By virtue of Clarity Fund SPC Ltd’s already existing holding of 9,864,952 ordinary shares (acquired 30 July 2013 and formerly held under an HSBC Private Bank nominee account) the family trust’s aggregate shareholding in the Company is 47,432,445 ordinary shares (representing an ownership of 7.72%) of which Mr Tabari is currently the sole ultimate beneficiary. The trust is managed by Maitland Trustee.
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For further enquiries, please contact:
Depa Ltd
Umar Saleem
Chief Financial Officer
Tel: + 971 4 446 2100
For more information, please refer to the corporate website: www.depa.com
