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DUBLIN - American Century Investment Management, Inc. has disclosed a 1.28% stake in Dalata Hotel Group PLC, according to a regulatory filing published Tuesday.
The investment management firm reported ownership of 2,717,322 ordinary shares in the Irish hotel operator, based on a Form 8.3 filing with the Irish Takeover Panel.
The disclosure, which is required under Irish takeover rules for persons with interests representing 1% or more in relevant securities, also revealed that American Century sold 12,876 shares at a price of €6.45 per unit on June 30.
The filing indicates American Century holds no short positions in Dalata securities and has no cash-settled or stock-settled derivatives related to the company.
Such disclosures are mandatory under Rule 8.3 of the Irish Takeover Panel Act when companies become subject to takeover situations, though the filing does not specify details about any potential offer for Dalata.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280).
The disclosure was made as part of standard regulatory requirements for transparency in potential takeover situations. The filing states American Century has no indemnity arrangements or agreements relating to options or derivatives concerning Dalata securities.
The information was submitted through the Regulatory Information Service of the London Stock Exchange (LON:LSEG) as required by Irish takeover regulations.
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