Barclays discloses stake in Dalata Hotel Group amid takeover rules

Published 20/05/2025, 16:16
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, in accordance with the Irish Takeover Panel’s regulations. On Monday, the financial services company reported a combined interest of 1.11% and a short position amounting to 1.14% in the hotel operator’s shares.

The disclosure, mandated under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, provides transparency during takeover proceedings when individuals or entities hold more than 1% of a company’s relevant securities. Dalata Hotel Group, the entity at the center of this disclosure, has not been identified as being involved in any current takeover bid.

Barclays’ interest in Dalata Hotel Group consists of 1,604,852 shares, equating to a 0.76% stake, and 788,818 shares in short positions, representing 0.37%. Additionally, cash-settled derivatives held by Barclays include 740,815 shares at 0.35% interest and 1,615,105 shares at 0.76% in short positions.

The dealings on May 19, 2025, consisted of multiple purchases and sales of Dalata Hotel Group’s ordinary shares, with individual transactions ranging from 166 to 13,400 shares at prices varying from EUR 5.5087 to EUR 5.6056. The dealings also included cash-settled derivative transactions such as SWAPs, which resulted in both decreasing and increasing short positions.

Barclays has 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 derivative referenced to future acquisition or disposal.

This information, based on a press release statement, is provided to ensure market transparency and to comply with disclosure obligations under takeover regulations. The London Stock Exchange (LON:LSEG)’s news service, RNS, has verified that no supplemental form 8 (Open Positions) is attached to this disclosure.

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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