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
contractors, 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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