DDE Develica

 

TIDMDDE 
 
RNS Number : 3083M 
Develica Deutschland Ltd 
27 January 2009 
 

 
 
FOR IMMEDIATE RELEASE 
27 January 2009 
 
 
DEVELICA DEUTSCHLAND LIMITED: 
("Develica" or "the Company") 
SHARE PURCHASES 
 
 
Develica, the German property investment company, today announces that, 
following the agreement with the Manager, Develica Deutschland Management 
Limited, ("DDML") to restructure the annual management fee as announced on 30 
December 2008 DDML has acquired a total of 5 million ordinary shares in the 
Company at a price of 8 cents per share each, representing a total investment of 
EUR400,000. 
 
 
The Company has also completed the transfer of 24.375 million ordinary shares 
from treasury to DDML at a price of 10 cents per share. 
 
 
The above purchase and transfer of ordinary shares in the Company, accounting 
for a total of 29.375 million ordinary shares, are subject to a two year lock-in 
which expires on 15 January 2011. 
 
 
DDML now owns approximately 11.75% of Develica's issued share capital. 
 
 
 
 
Ends. 
 
 
Contact: 
    Derek Butler, Chairman, Develica Deutschland Ltd.    Tel: 020 7016 1860 
    Baron Phillips, Baron Phillips Associates.                Tel: 020 7920 3161 
       07767 444193 
   Philip Secrett, Grant Thornton UK LLP                Tel: 020 7728 2578 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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