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LONDON - Barclays PLC (LON:BARC) has disclosed its holdings in Dalata Hotel Group PLC, revealing both long and short positions that represent just under 1% of the hotel operator’s shares, in compliance with the Irish Takeover Panel Act’s disclosure requirements.
The financial services company reported owning 1,461,608 ordinary shares, equating to a 0.69% interest, and holding short positions of 682,171 shares, or 0.32%, as of Tuesday. Additionally, Barclays has cash-settled derivatives amounting to a 0.30% long position with 639,703 shares and a 0.66% short position with 1,404,471 shares.
The disclosure, mandated under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, is a routine procedure for entities with interests in relevant securities of 1% or more. It is particularly relevant in the context of potential takeovers, as it provides transparency about significant shareholdings in the companies involved.
Dalata Hotel Group, known for operating hotels across Ireland and the United Kingdom (TADAWUL:4280), has not been disclosed as being in an active takeover situation, and Barclays has stated that it is not making disclosures concerning any other party to an offer.
This announcement from Barclays comes amidst regular trading activity, where the bank has engaged in both the purchase and sale of Dalata’s shares, with transactions ranging from as few as 5 shares to over 100,000 shares, at various price points.
The disclosure does not imply any specific action or intent by Barclays regarding Dalata Hotel Group, other than the bank’s routine investment activities. It is a standard declaration that provides market participants with information about significant positions in the shares of publicly traded companies.
This report is based on a press release statement and does not endorse the claims or suggest any forthcoming market movements. It is intended to offer a transparent account of Barclays’ disclosed positions in Dalata Hotel Group for investors and market observers.
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