DEPA LIMITED Depa Limited discloses Union Insurance Company PSC shareholding increase
25 November 2015; Dubai, UAE: Depa Limited [Nasdaq Dubai: DEPA; 'the Company'/'the Group'] today announces that Union Insurance Company PSC has increased its holding in the Company and now owns or controls, directly or indirectly, 70,156,337 shares, representing 11.41% of the total issued share capital.
Prior to 23 November 2015, Union Insurance Company PSC held 41,222,337 shares in the Group, representing an ownership of 6.71%. Through the transactions detailed below, Union Insurance Company PSC increased its shareholding to 70,156,337 shares. All shares are ordinary and the consideration paid per share, at the time of the transaction, is as detailed below:
| Holder | Date of Purchase | Number of Shares | Price in US$ |
| Union Insurance | 23 November 2015 | 28,934,000 | 0.450 |
- End -
For further enquiries, please contact:
| Depa Ltd |
| David Holiday |
| Group General Counsel & Company Secretary |
| Tel: + 971 4 446 2100 |
| ir@depa.com |
| ASDA'A Burson-Marsteller |
| Tom Drummond or Liam Turner |
| Tel: +971 4 4507600 |
| depa@bm.com |
|
distributed by
|
