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17-Apr-2016

Depa appoints CEO

Depa Limited (Depa) has announced the appointment of Hamish Tyrwhitt as the Group’s CEO, with immediate effect. Tyrwhitt is the former CEO of Leighton Holdings (CIMIC Group), an Australian Securities Exchange-listed. We view the news positively, as we believe the appointment of a new CEO would likely create more clarity around Depa’s internal restructuring plans and growth strategy. (Company disclosure)   Depa Limited (DU): USD0.37 as of 14 April 2016, Rating: Neutral, FV: USD0.41 per share, MCap: USD230 million, DEPA DU / DEPA.DI

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