Barclays discloses stake in Dalata Hotel Group amid takeover rules

Published 28/04/2025, 14:52
Barclays discloses stake in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) has announced its position in relation to the Dalata Hotel Group PLC, disclosing both interests and short positions as required under the Irish Takeover Panel’s rules. The financial institution reported ownership and control of a combined total of 1.05% in interests and 1.08% in short positions in the hotel group’s securities, following transactions dated April 25, 2025.

The disclosure, made in compliance with Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, is a routine regulatory requirement for parties holding interests in relevant securities representing 1% or more during takeover-related activities.

Barclays PLC (NYSE:BCS)’s involvement with the Dalata Hotel Group PLC includes 1,418,291 securities representing 0.67% in interests and 852,106 securities representing 0.40% in short positions. Additionally, the company reported cash-settled derivatives comprising 796,814 securities or 0.38% in interests and 1,429,574 securities or 0.68% in short positions.

The financial institution also detailed its latest dealings in Dalata Hotel Group’s securities, which involved multiple purchases and sales of the company’s ordinary shares, with transactions in euros and British pounds. The prices per unit for these transactions ranged from 4.3800 GBP to 5.2900 EUR.

Barclays confirmed that, apart from Dalata Hotel Group PLC, it is not making disclosures with respect to any other party to the offer. Furthermore, the bank stated that there are no indemnity or option arrangements, nor any agreements or understandings related to the voting rights of any relevant securities under any option or derivative that may serve as an inducement to deal or refrain from dealing.

The announcement made on April 28, 2025, does not suggest any immediate strategic implications for Dalata Hotel Group PLC or Barclays PLC but serves as a transparent account of Barclays’ holdings and transactions in compliance with regulatory standards. This disclosure is based on a press release statement and is intended to provide shareholders and the investing public with pertinent information regarding significant ownership and market activities.

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