Barclays discloses stakes in Dalata Hotel Group amid takeover rules

Published 16/04/2025, 14:54
Barclays discloses stakes in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) has revealed its ownership and short positions in Dalata Hotel Group PLC, complying with the Irish Takeover Panel’s disclosure requirements under Rule 8.3 of the 1997 Takeover Rules. The disclosure, made on April 16, 2025, details Barclays’ interests in the hotel operator, which is currently involved in a takeover scenario.

The financial services company holds a total interest of 1.11% in Dalata Hotel Group, with 1,536,367 shares, representing a 0.73% stake. Additionally, Barclays has disclosed short positions amounting to 0.41%, with 868,771 shares involved. The firm also controls cash-settled derivatives equivalent to a 0.39% interest (817,227 shares) and short positions in derivatives totaling 1.14% (1,549,781 shares).

On April 15, 2025, Barclays engaged in multiple transactions involving Dalata’s ordinary shares. The purchases ranged from 39 to 9,932 shares at prices between EUR 5.0600 and EUR 5.2000. Correspondingly, sales transactions were recorded for amounts ranging from 39 to 14,764 shares at similar price points. Additionally, the bank entered various cash-settled derivative transactions, with both increasing and decreasing short positions, at prices fluctuating around the EUR 5.15 mark.

Barclays did not disclose any stock-settled derivatives transactions, nor did it indicate the existence of any indemnity or option arrangement related to the disclosed securities that could serve as an inducement to deal or refrain from dealing. Furthermore, the firm confirmed that there are no agreements, arrangements, or understandings related to the voting rights of the relevant securities under any option or the voting rights concerning any future acquisition or disposal of securities to which any derivative is referenced.

This announcement is based on a press release statement and provides transparency into Barclays’ positions in Dalata Hotel Group PLC as required by the regulatory framework governing takeovers. It is important for investors to note such disclosures, as they can reflect the financial institution’s view on the company’s current situation and its potential future developments.

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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