DDE Develica

 

TIDMDDE 
 
RNS Number : 9589E 
Develica Deutschland Ltd 
04 January 2010 
 

FOR IMMEDIATE RELEASE 
 4 January 2010 
DEVELICA DEUTSCHLAND LIMITED: 
("Develica" or "the Company") 
SHARE PURCHASE 
Develica, the AIM-listed German property investment company, today announces 
that on 31 December 2009, Grant Tromans, a non-executive Director of the 
Company, acquired 540,000 ordinary shares in the Company of EUR0.01 each 
("Ordinary Shares") at EUR0.0318518 per Ordinary Share for a total consideration 
of EUR17,200. 
As a result of this latest purchase Mr Tromans now owns a total of 10,540,000 
Ordinary Shares, equivalent to 4.22% of the Company's issued share capital. 
Derek Butler, the Chairman of the Board said the recent purchases by the 
Directors and Manager demonstrate their support of Develica and their belief 
that the current share price underestimates both the current value of the 
Company and its potential for future growth on a recovery in the German economy. 
 
 
Ends. 
Contact: 
Baron Phillips, Baron Phillips Associates.                   Tel: 020 7920 3161 
Philip Secrett, Grant Thornton Corporate Finance      Tel: 020 7728 2578 
 
END 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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