Depa PLC (“Depa”), the leading global interior solutions group, provides correction on the statement: “Notification of Transaction”, published on 30 March 2022.
On 30 March 2022, Depa received notification from Arqaam Capital Limited of its acquisition of Depa shares.
Depa has subsequently received confirmation that the beneficial owner of the 17,027,363 shares acquired pursuant to the reported transaction is Mazrui Investments LLC.
A restated summary of the transaction is set out below
SUMMARY OF TRANSACTION
|
No. of Shares Acquired |
Date Acquired |
Share Price |
Class of Shares |
Proportion of Issued Shares Held Before Transaction (%) |
Proportion of Issued Shares Held Post Transaction (%) |
Total No. of Shares Held |
|
17,027,363 |
25 March 2022 |
0.18 |
Ordinary |
4% |
5.25% |
71,793,876 |
Depa has a total issued share capital of 1,368,452,753 (ordinary and ordinary A shares) and outstanding ordinary shares in issue of 1,364,145,794.
Depa PLC
Tel: + 971 (0) 4 821 6666
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 key business units hold leading positions in their respective markets: Vedder, Depa Interiors and the Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on two regional hubs: Europe and the Middle East.
Depa’s mission, shared by each of its key business units, is to deliver sustainability, profitability and performance for its clients, shareholders and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service.
Depa PLC is listed on the Nasdaq Dubai (DEPA: DU) and is headquartered in Dubai, United Arab Emirates.
Cautionary statement:
This document may contain certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events, and depend on circumstances, which may occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. All written or verbal forward looking statements, whether made in this document or made subsequently, which are attributable to Depa or any other member of the Group or persons acting on their behalf are expressly qualified on this basis. Depa does not intend to update any such forward looking statements.
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