Barclays discloses stakes in Dalata Hotel Group amid takeover rules

Published 30/04/2025, 17:06
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, updated in 2022. The positions pertain to parties with interests in relevant securities representing 1% or more.

As of April 29, 2025, Barclays PLC (NYSE:BCS) holds a combined total interest of 1.05% in Dalata Hotel Group, comprising 1,457,964 shares (0.69%) and cash-settled derivatives amounting to 761,749 shares (0.36%). Conversely, Barclays PLC also disclosed a total short position of 1.08%, which includes 811,191 shares (0.38%) and cash-settled derivatives totaling 1,470,896 shares (0.70%).

The disclosure comes amidst no indications of Barclays making disclosures about any other parties involved in the offer. The dealings on April 29, 2025, included multiple purchases and sales of Dalata Hotel Group’s ordinary shares, with individual transaction prices ranging from 5.0600 to 5.1881 EUR.

The report by Barclays PLC does not suggest any indemnity or option arrangements, nor any agreements or understandings related to the voting rights of any relevant securities under any option or the voting rights that may be acquired or disposed of in the future.

This information is based on a press release statement and is intended to ensure transparency in the financial market, particularly regarding changes in ownership and control that could influence the outcome of takeover proceedings. It is a standard requirement for entities like Barclays PLC to disclose such positions during takeover situations, providing a clear view of significant stakes held by financial institutions.

The disclosure by Barclays PLC does not necessarily indicate an active stance in the takeover process but is a regulatory obligation to inform the market of significant holdings that could potentially affect the control or influence over a company subject to a takeover.

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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