Barclays discloses stake in Dalata Hotel Group amid takeover rules

Published 01/04/2025, 15:10
Barclays discloses stake in Dalata Hotel Group amid takeover rules

LONDON – Barclays PLC (LON:BARC) has disclosed its holdings in Dalata Hotel Group PLC, revealing both interests and short positions that cross the threshold of relevance as per the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. According to a statement released on April 01, 2025, Barclays holds a combined total of interests and short positions amounting to 1.13% and 1.16%, respectively, in the hotel operator’s securities.

The disclosure, which is a regulatory requirement under Rule 8.3 of the Code, provides insight into the dealings of major shareholders during takeover scenarios. Barclays reported that as of March 31, 2025, it controlled 1,435,593 shares (0.68%) and had short positions in 989,650 shares (0.47%). In addition, the bank holds cash-settled derivatives totaling 962,235 shares (0.45%) and short positions via derivatives of 1,454,250 shares (0.69%).

The dealings included both purchases and sales of Dalata Hotel Group’s ordinary shares, with transactions ranging in price from 5.1595 to 5.2095 EUR. The bank also engaged in several cash-settled derivative transactions, which included swaps both increasing and decreasing short positions.

Barclays has confirmed that these dealings are solely in relation to Dalata Hotel Group PLC and that there are no disclosures in respect of any other party to the offer. Furthermore, the bank stated that there are no indemnity or option arrangements, or any agreements or understandings, relating to the relevant securities that could be an inducement to deal or refrain from dealing.

This information, based on a press release statement, provides a transparent view of Barclays’ interests in Dalata Hotel Group PLC, a detail that can be significant for investors and market watchers during takeover periods. The bank’s Large Holdings Regulatory Operations team was responsible for the disclosure, ensuring compliance with the regulatory framework governing takeovers and relevant securities.

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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