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DUBLIN - Barclays PLC (LON:BARC) has disclosed a 1.36% interest in Dalata Hotel Group PLC, according to a regulatory filing released Tuesday.
The disclosure, made under Irish Takeover Panel rules, shows Barclays holds 2,874,622 shares representing a 1.36% long position in the hotel group as of July 17. The bank also reported a matching 1.36% short position totaling 2,870,054 shares.
The filing details that Barclays owns and controls 2,370,592 ordinary shares, equivalent to 1.12% of Dalata, with additional positions through cash-settled derivatives.
The disclosure includes recent trading activity showing Barclays purchased 122,549 ordinary shares and sold 79,080 shares on July 17, with prices ranging between €6.38 and €6.39 per share.
Barclays also engaged in several cash-settled derivative transactions on the same date, including both long and short positions in Dalata shares.
The disclosure was made in compliance with Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to disclose their positions.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the UK.
The information was disclosed through a Form 8.3 filing, which is required when a company might be involved in a takeover situation.
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