Street Calls of the Week
DUBLIN - Barclays PLC has disclosed a 3.87% interest in Dalata Hotel Group PLC, according to a regulatory filing released Friday.
The disclosure, made under Irish Takeover Panel rules, shows Barclays holds interests in 8,182,473 shares representing 3.87% of Dalata, alongside short positions of similar size at 8,181,084 shares.
The filing details that Barclays owns and controls 8,072,662 ordinary shares directly, equivalent to 3.82% of the company, with additional exposure through cash-settled derivatives.
The disclosure also outlines recent transactions conducted on September 25, including purchases of 32,424 shares at prices ranging from €6.41 to €6.42 per share, and sales of 36,235 shares at similar price levels.
Barclays’ position disclosure comes amid Irish takeover regulations requiring notification when parties hold interests of 1% or more in companies involved in potential acquisition activity.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom.
The disclosure was made through a Form 8.3 filing, which is required under the Irish Takeover Panel Act when a company may be subject to an offer or possible offer. The filing indicates Barclays is not making disclosures regarding any other party to a potential offer.
The information was provided in a regulatory news service announcement published by the London Stock Exchange.
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