Depa PLC (“Depa”), the leading global interior solutions group, announces a Connected Person transaction.
On 30 September 2024, Depa received notification from Mashreqbank PSC, a shareholder, of its sale of Depa shares.
SUMMARY OF TRANSACTION
|
No. of Shares sold |
Date of disposal |
Share Price |
Class of Shares |
Proportion of Issued Shares Held Before Transaction (%) |
Proportion of Issued Shares Held Post Transaction (%) |
Total No. of Shares Held |
|
149,555,275 |
20 September 2024 |
AED 0.30 |
Ordinary |
10.93% |
Nil |
Nil |
Depa has a total issued share capital of 1,368,452,753 (ordinary and ordinary A shares).
For further information, please contact:
Depa PLC
Tel: +966 11 515 0666 | +971 4 821 6666
Nader Mardini, Interim Group Chief Executive Officer | Group Chief Financial Officer
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 specializing in global interior solutions. Depa’s key business units hold leading positions in their respective markets: Vedder Group, Depa Interiors Group, and Deco Group. Employing thousands of people worldwide, the Group’s operations are centered 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 (Ordinary shares: DEPA: DU) and (Ordinary Class A Shares: DEPACLA: DU) and is headquartered in Riyadh, Kingdom of Saudi Arabia.
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.
