Dubai, UAE; 21 October 2015: 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.
Prior to April 6, 2015, Union Insurance held (directly or indirectly) 30,449,471 shares in the Group, representing an ownership of 4.95%. Through a number of share transactions detailed below, Union Insurance increased its interest to 41,222,337 shares. All shares are ordinary and the consideration paid per share, at the time of each transaction, is as detailed below:
|
Holder |
Date of Purchase |
Number of Shares |
Price in US$ |
|
Union Insurance |
6 April 2015 |
7,608,484 |
0.500 |
|
Union Insurance |
20 April 2015 |
2,514,221 |
0.501 |
|
Union Insurance |
21 April 2015 |
485,161 |
0.500 |
|
Union Insurance |
17 May 2015 |
100,000 |
0.505 |
|
Union Insurance |
18 May 2015 |
30,000 |
0.503 |
|
Union Insurance |
19 May 2015 |
20,000 |
0.500 |
|
Union Insurance |
21 May 2015 |
15,000 |
0.530 |
|
Total |
|
10,772,866 |
|
---Ends---
For further enquiries, please contact:
Depa Ltd
David Holiday
Group General Counsel & Company Secretary
Tel: + 971 4 446 2100
ASDA'A Burson-Marsteller
Tom Drummond or Liam Turner
Tel: +971 4 4507600
For more information, please refer to the corporate website: www.depa.com
