RNS Number : 6149T
Depa Limited
09 June 2009
Date: 09 June 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 1,512,815 shares between 1
and 31 May at an average price of USD 0.52.
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
END
POSSSFFDUSUSEIM