Barclays discloses stake in Dalata Hotel Group amid takeover rules

Published 01/05/2025, 14:12
Barclays discloses stake in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) has disclosed holdings in Dalata Hotel Group PLC, as required by the Irish Takeover Panel Act of 1997 and Takeover Rules of 2022, indicating a position in securities representing more than 1% of the hotel company.

As of April 30, 2025, Barclays reported owning 1,486,148 ordinary shares, or a 0.70% interest, in the Dalata Hotel Group. Additionally, Barclays holds short positions amounting to 795,857 shares, representing a 0.38% stake. The bank also disclosed cash-settled derivatives comprising 746,658 shares (0.35%) and short positions in derivatives totaling 1,493,047 shares (0.71%).

The financial institution engaged in multiple transactions involving Dalata’s ordinary shares, including both purchases and sales, on the same day. For instance, Barclays purchased 21,548 Dalata shares at €5.0515 each and sold 7,850 shares at €5.0537 each, among other dealings. In derivative markets, Barclays engaged in SWAP transactions that adjusted their short positions, such as increasing the short by 21,548 shares at €5.0515 per share.

Barclays has confirmed that it is not disclosing positions in any other party related to the offer and that there are no indemnity or option arrangements or any agreements, formal or informal, that may be an inducement to deal or refrain from dealing.

The disclosure does not indicate any specific intentions regarding Dalata Hotel Group’s operations or future market actions but is a regulatory requirement under the rules governing takeovers and mergers. Investors monitor such disclosures closely as they may provide insights into significant market players’ views and strategies about the company involved.

This report is based on a press release statement and adheres to factual reporting without speculation on potential outcomes or broader market impacts.

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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