DDE Develica

 

TIDMDDE 
 
RNS Number : 0971A 
Develica Deutschland Ltd 
01 October 2009 
 

 
 
FOR IMMEDIATE RELEASE 
1 October 2009 
 
 
DEVELICA DEUTSCHLAND LIMITED: 
SHARE PURCHASE BY MANAGER 
 
 
Develica Deutschland Limited ("Develica", or "the Company"), the German property 
investment company, today announces that its manager, Develica Deutschland 
Management Ltd ("DDML") on 30 September 2009 acquired a further 1.6 million 
ordinary EUR0.01 shares in Develica at a price of EUR0.0625 a share. 
 
 
The purchase represents the final tranche of shares to be acquired by DDML under 
the terms of its restructured annual management fee announced on 30 December 
2008. In January 2009 Develica announced that DDML had acquired 5 million 
ordinary EUR0.01 shares at 8 cents each, representing an investment of EUR400,000. 
 
 
Under the terms of the restructured management fee DDML received EUR900,000 cash, 
as part compensation for reducing its fee, of which more than half was to be 
used to acquire Develica shares. 
 
 
As a result of the latest purchase DDML, a business controlled by Grant Tromans 
who is also a Director of the Company, has invested a total of EUR500,000 in 
Develica shares and now owns a total of 30.975 million shares, approximately 
12.39% of the Company's issued share capital. 
 
 
Ends. 
 
 
Contacts: 
    Derek Butler, Chairman, Develica.                  Tel: 020 7016 1860 
    Baron Phillips, Baron Phillips Associates.               Tel: 020 7920 3161 
                                                              07767 444193 
   Philip Secrett, Grant Thornton Corporate Finance     Tel: 020 7728 2578 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RDSBUBDGDXGGGCB 
 

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