Investors and Media

Depa continues Share Repurchase Programme

9th Jun 2009

Date: 09 June 2009


Depa 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.  

 

These transactions follow the Company’s announcement on 26 November 2008 of its intention to undertake a Share Repurchase programme during a period of 12 months from 27 November 2008, as the Company’s shareholders currently believe that the shares are significantly undervalued. Depa will be cancelling all shares bought back on a quarterly basis.

 

 

For further inquiries, please contact:

 

Depa Limited

Noor Sweid

Managing Director, Strategy

Tel: +971 4 224 3800

noor.sweid@depa.com

 

Brunswick Gulf Ltd

Azadeh Varzi

avarzi@brunswickgroup.com

Tel: + 971 4 365 8260