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LONDON - Barclays PLC (LON:BARC) has disclosed its stake in Dalata Hotel Group PLC, revealing both interests and short positions in the hotel company’s securities, in compliance with the Irish Takeover Panel Act and the Takeover Rules of 2022. As of Thursday, Barclays holds an interest amounting to 1.06% and a short position representing 1.08% of Dalata’s ordinary shares.
The disclosure comes under Rule 8.3 of the Irish Takeover Code, which mandates that any party holding an interest in relevant securities of 1% or more must report their positions during a takeover bid. Dalata Hotel Group, the company in question, is currently the subject of such regulatory interest.
The breakdown of Barclays’ holdings in Dalata Hotel Group includes 1,514,217 ordinary shares with voting rights and 798,897 shares in short positions. Additionally, the financial institution holds cash-settled derivatives comprising 747,564 securities and further short positions via derivatives amounting to 1,510,444 securities.
In recent dealings, Barclays engaged in a cash-settled derivative transaction, specifically a Contract for Difference (CFD), which increased its short position by 8,538 securities at a price of 5.1600 EUR per unit.
Barclays has stated that there are no indemnity or option arrangements in place that would provide an inducement to deal or refrain from dealing in the securities of Dalata Hotel Group. Furthermore, there are no agreements, arrangements, or understandings related to options or derivatives connected to the voting rights of any relevant securities.
The information, based on a press release statement, highlights Barclays’ transparent reporting as part of regulatory requirements and provides a factual view of its current financial interest and market activities related to Dalata Hotel Group PLC.
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