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PARIS - Amundi S.A., the asset management company, has disclosed a significant stake in Dalata Hotel Group PLC, a prominent hotel operator. As of Monday, Amundi holds 4,192,285 shares, representing a 1.982% interest in the company, with no short positions reported.
The disclosure came in accordance with the rules of the Irish Takeover Panel, specifically under Rule 8.3, which mandates the reporting of interests in securities representing 1% or more for entities involved in takeover situations. The position was established as of the previous Thursday.
The transactions included purchases and sales of Dalata Hotel Group’s €0.01 ordinary shares, with purchase prices ranging from EUR 5.387 to EUR 5.390 and sale prices at EUR 5.400 per unit. No other dealings, such as cash-settled derivative transactions or stock-settled derivative transactions, were reported.
Amundi’s disclosure is a routine regulatory requirement and does not necessarily indicate any immediate strategic action regarding Dalata Hotel Group PLC. The company has stated that there are no indemnity or dealing arrangements in place that would be an inducement to deal or refrain from dealing in the relevant securities.
This disclosure is part of the public records as per the guidelines of the Irish Takeover Panel and is based on a press release statement. As such, it provides transparency regarding the holdings of significant shareholders in publicly traded companies.
Dalata Hotel Group PLC, the subject of the disclosure, operates hotels predominantly in Ireland and the United Kingdom (TADAWUL:4280), and Amundi’s interest in the company reflects its investment strategies and portfolio management activities.
Investors and stakeholders in Dalata Hotel Group PLC may take note of Amundi’s reported position as part of their assessment of the company’s shareholder structure and market activities. However, it is important to note that such disclosures are a standard part of market regulation and do not necessarily imply any specific future actions by the disclosing party.
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