DDE Develica

 

TIDMDDE 
 
RNS Number : 7257Q 
Develica Deutschland Ltd 
09 August 2010 
 

FOR IMMEDIATE RELEASE 
9 August 2010 
DEVELICA DEUTSCHLAND LIMITED: 
("Develica" or "the Company") 
SHARE PURCHASE 
Develica, the AIM-listed German property investment company, today announces 
that on 2 August 2010, Lars Luecking, the Managing Director of the Investment 
Manager, Develica Deutschland Management Limited,  acquired 488,000 ordinary 
shares in the Company of  EUR0.01 each ("Ordinary Shares") at EUR0.042 per Ordinary 
Share for a total consideration of EUR20,496.00. As a result of this purchase Mr 
Luecking who previously held no shares in the Company now owns 0.2% of the 
Company's issued share capital. 
Derek Butler, the Chairman of the Board said that this purchase further 
demonstrates the continuing belief of the Directors and Investment Manager of 
Develica and their continuing belief in the mid term recovery of the Company 
based upon the strong property fundamentals especially cash flow and an 
improving German market. 
Ends. 
Contact: 
Baron Phillips, Baron Phillips Associates.                   Tel: 020 7920 3161 
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 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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