13th October 2008
Develica Deutschland Ltd buys back further 3.077m shares
Develica Deutschland Ltd (“Develica” or “the Company”) today announces that it has purchased a further 3.077m shares in the Company at €0.0975 a share, satisfied from its own cash reserves.
This latest tranche of shares was acquired on 10 October 2008 and takes total purchases over the past week to 24.375m ordinary shares, equivalent to 9.75% of Develica’s issued share capital. All the shares acquired by the Company over the past week are being held in treasury.
The Company believes this latest acquisition further enhances Develica’s net asset value per share.
Contact:
Derek Butler, Chairman, Develica Deutschland Ltd.
Tel: 020 7016 1860
Baron Phillips, Baron Phillips Associates.
Tel: 020 7920 3161
Philip Secrett, Grant Thornton UK LLP. (Nominated Advisor)
Tel: 020 7728 2758