Barclays discloses stake in Dalata Hotel Group

Published 02/06/2025, 15:30
Barclays discloses stake in Dalata Hotel Group

LONDON - Barclays PLC (LON:BARC) has disclosed their current holdings in the Dalata Hotel Group PLC, as per the requirements of the Irish Takeover Panel, the regulatory body overseeing mergers and acquisitions in Ireland. According to a regulatory filing dated May 30, 2025, Barclays PLC (NYSE:BCS) holds a combined total of interests and short positions amounting to approximately 1.15% and 1.14% respectively in the Irish hotel operator.

The disclosure was made in accordance with Rule 8.3 of the Irish Takeover Panel Act, 1997, which mandates that any entity with an interest in relevant securities representing 1% or more must report their position during a takeover period. The reported interests and short positions include 1,748,861 shares owned or controlled, representing a 0.83% interest, and 717,201 shares in short positions, representing a 0.34% interest. Additionally, Barclays holds cash-settled derivatives amounting to a 0.32% interest and a 0.80% short position.

The filing also detailed recent transactions in Dalata Hotel Group’s €0.01 ordinary shares, with multiple purchases and sales conducted at prices ranging from €5.7300 to €5.7900 per share. These transactions reflect the active trading by Barclays in the hotel group’s shares.

No rights to subscribe for new securities were reported, and there were no stock-settled derivative transactions disclosed. Furthermore, the filing confirmed that there are no indemnity or option arrangements, nor any agreements or understandings related to the voting rights of the relevant securities under any option or derivatives.

This disclosure comes at a time when Dalata Hotel Group, which operates hotels primarily in Ireland and the UK, has been the subject of investor attention due to its performance in the hospitality industry.

The information for this article is based on a press release statement and reflects the holdings and transactions as of May 30, 2025. It is a standard procedure for companies and financial institutions to make such disclosures in accordance with market regulations to ensure transparency in financial markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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