Register | Forgot password?
Switch to Arabic
Thursday, November 12 - 2009

Deutsche Bank appointed as Depositary Bank for the Global Depositary Receipt program of DEPA Limited

  • United Arab Emirates: Sunday, April 27 - 2008 at 13:56
  • PRESS RELEASE

Deutsche Bank today announced its appointment as Depositary Bank for the Regulation S and Rule 144A Global Depositary Receipt (GDR) program of Depa Limited (Depa).

Article continues below
 
Depa is a leading provider of interior contracting services in the Middle East, North Africa and Asia. They operate principally in the luxury fit-out sector with a focus primarily on the hospitality, commercial and residential property developments as well as airport, retail, yacht, theming and specialist fit-out sectors. In addition, Depa provides manufactured products and procurement services which are used in its in-house operations as well as provided to third parties. It has a network of subsidiaries, joint ventures and affiliates in 15 countries through which Depa has successfully executed projects in over 20 countries.*

Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, "Winning the depositary mandate for Depa's GDR program represents significant recognition of Deutsche Bank's superior customized client servicing capabilities from this prestigious company. We look forward to demonstrating our commitment to the region by working with Depa to enhance its GDR program within the international investor community."
Also consider reading:
Log in to request more information from Deutsche Bank

Notes and media contacts

For further information, please call:

Deutsche Bank:

Oonagh Baerveldt
+44 (0) 20 7547 1605
Press Office

Dana Budeiri
Press Office
+971 4 361 1744

Pwai-Foon Tang
+65 6423 8189
Press Office

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,291 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of debt financings including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, collateralized debt obligations, project financings, escrows and syndicated loans. It is also one of the leading depositaries for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in 28 securities markets.

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.

*Source: Depa Limited (April 2008)

THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.
The Depositary Receipts have not been and are not intended to be registered pursuant to the US Securities Act of 1933 (the "Act") and the securities laws of any states thereof and are being issued pursuant to an exemption from the registration requirements of the Act and such laws. Such Depositary Receipts or any interests or participations therein may not be offered, sold, transferred, pledged, encumbered or otherwise disposed of in the United States absent such registration or an available exemption therefrom. The investment or investment service which is the subject of this announcement is not available to retail clients as defined by the UK Financial Services Authority. This announcement has been approved and/or communicated by Deutsche Bank AG London.
The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing this notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute an offer or solicitation to any person in the United States or in any other jurisdiction where an offer or solicitation would be unlawful. No part of this announcement may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. This announcement is not an invitation nor is it intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). This announcement is in any event directed only at (i) persons outside the United Kingdom; or (ii) persons who have professional experience in matters relating to investments and who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 of the United Kingdom (the "Financial Promotion Order"); or (iii) persons who fall within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Promotion Order; or (iv) any other persons to whom this announcement for the purposes of Section 21 of FSMA can otherwise lawfully be made (all such persons together being referred to as "relevant persons"), and must not be acted on or relied upon by persons other than relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. Anyone other than a relevant person must not rely on this announcement. In addition to the foregoing restriction, this announcement is made and directed only at, and the investment or investment service which is the subject of this announcement is available only to, persons falling within the meaning of "qualified investors" as defined in Section 86 of FSMA, namely: (a) legal entities which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to invest in securities; (b) national and regional governments, central banks, international and supranational institutions; (c) any legal entity which has two or more of (1) an average of at least 250 employees during the last financial year; (2) a total balance sheet of more than €43,000,000 and (3) an annual net turnover of more than €50,000,000, as shown in its last annual or consolidated accounts; (d) persons registered on the Financial Services Authority qualified investor register; or (e) persons authorized by an European Economic Area state other than the United Kingdom as a qualified investor for the purposes of the Directive 2003/71/EC (the "Prospectus Directive"). In relation to each member state of the European Economic Area (other than the United Kingdom) which has implemented the Prospectus Directive (each a "Relevant Member State"), and with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State this announcement is only directed at, and the investment or investment service which is the subject of this announcement is available only to, (a) legal entities which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to invest in securities; (b) any legal entity which has two or more of (i) an average of at least 250 employees during the last financial year, (ii) a total balance sheet of more than €43,000,000, and (iii) an annual net turnover of more than €50,000,000, as shown in its last annual or consolidated accounts; or (c) any other persons in circumstances which do not require the publication of a prospectus pursuant to Article 3 of the Prospectus Directive (and any relevant implementing measure in each Relevant Member State).

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions