Connected Persons TransactionAug 28, 2017
28 August 2017; Dubai, UAE: Depa Limited (“Depa”), the leading global interior solutions group, announces a Connected Persons transaction.
On 28 August 2017, Depa received notification from Mr. Hamish Tyrwhitt, a director & Group Chief Executive Officer, of the transfer and issuance of Depa shares to him. The transaction completes his award granted under Depa’s long term incentive plan for FY 2016.
SUMMARY OF TRANSACTION
|No. of Shares Acquired||Date Acquired||Share Price
|Class of Shares||Proportion of Issued Shares Held Before Transaction(%)||Proportion of Issued Shares Held Post Transaction(%)||Total No. of Shares Held|
|172,223||19 July 2017||0.37 – Transferred from remaining shares held by DLESF Limited (ESOP SPV)||Ordinary||0||0.03||172,223|
|841,291||28 August 2017||Not applicable – New issue of shares||Ordinary||0.03||0.14||1,013,514|
Depa has a total issued share capital of 615,567,539 ordinary shares and outstanding ordinary shares in issue of 608,701,656.
For further information, please contact:
Depa Limited Tel: + 971 4 446 2100
Group Chief Legal Officer & Company Secretary
For more information, please refer to the corporate website: www.depa.com
Notes to editors:
Depa Group is a strategic management company specialising in global interior solutions. Depa Group’s four Key Business Units hold leading positions in their respective markets: Design Studio, Vedder, Depa Interiors Group and Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on three regional hubs: Asia, Europe and the Middle East.
Depa Group’s mission, shared by each of its Key Business Units, is to deliver sustainability, profitability and performance for our clients, shareholders and employees. The Group’s five core values are integral to everything Depa Group does: transparency, integrity, accountability, professionalism and exceptional service.
Depa Limited is listed on the Nasdaq Dubai (DEPA:DU) and is headquartered in Dubai, United Arab Emirates.