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DUBLIN - Barclays PLC has disclosed a 3.8% interest in Dalata Hotel Group PLC, according to a regulatory filing submitted Thursday under Irish takeover rules.
The British banking group reported holding interests in 8,044,444 shares, representing approximately 3.8% of Dalata’s ordinary shares. The position includes 7,945,522 owned or controlled shares and 98,922 shares through cash-settled derivatives.
Barclays also disclosed short positions totaling 8,009,184 shares, or about 3.79% of Dalata’s share capital. These short positions consist of 99,394 relevant securities and 7,909,790 cash-settled derivatives.
The disclosure, made in accordance with Rule 8.3 of the Irish Takeover Panel Act, reveals several transactions conducted on September 10. Barclays purchased 62,244 ordinary shares at prices ranging from €6.35 to €6.37 per share, while selling 92,434 shares at similar price points.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom operating primarily under the Clayton and Maldron brands.
The filing, submitted as a Form 8.3 opening position disclosure, is required under Irish takeover regulations for entities with interests representing 1% or more in companies involved in potential acquisition situations.
The disclosure indicates Barclays is not making similar disclosures regarding any other party to a potential offer.
This information is based on a regulatory press release statement filed with the London Stock Exchange news service.
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