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Wednesday 08 April, 2009

Depa Limited

Depa continues Share Repurcha

RNS Number : 3570Q
Depa Limited
08 April 2009
 



Date:  8 April 2009 


Depa continues Share Repurchase Programme


Depa Limited (ticker DEPA) ('Depa' or 'the Company')one of the world's largest interior
contractor
s, today confirms that it has completed a further set of transactions of its Share
Repurchase programme. Depa purchased a total of 1,414,070 shares between 1 and 31 March 
at
 an average price of USD 0.41.  


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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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