Jun 24 2012 |
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Lindner Depa's Doha International Airport contract terminated
Dubai: 24 June 2012:
Depa Limited
(ticker
DEPA
) ('
Depa
' or 'Company') confirms its joint venture company Lindner
Depa
has had its contract terminated by
Doha International Airport
.
This follows the announcement on 20 June that Lindner
Depa
's performance bond and advance payment guarantee were pulled due to Lindner
Depa
's refusal to accept new non-favourable contract terms and conditions. The Company is in discussions with its lawyers in order to assess the situation and consider its options.
For inquiries, please contact:
Depa Limited
Noor Sweid
Managing Director, Strategy
strategy@depa.com
Tel: +971 4 224 3800
Brunswick Gulf Ltd
Rupert Young / Jade Mamarbachi
depa@brunswickgroup.com
Tel: + 971 4 446 6270
Disclaimer:
NASDAQ Dubai is not responsible for the content of issuer disclosures.
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