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LONDON - Barclays PLC (LON:BARC) has disclosed its holdings in Dalata Hotel Group PLC, revealing both interests and short positions that cross the threshold set by Irish takeover regulations. The disclosure comes in line with Rule 8.3 of the Irish Takeover Panel Act, 1997, which requires parties holding interests in relevant securities representing 1% or more to report their positions during a takeover period.
As of Tuesday, Barclays held 1,532,404 ordinary shares, representing a 0.72% interest in the hotel group, along with short positions amounting to 0.37%. Additionally, the bank reported cash-settled derivatives comprising a 0.35% interest and a 0.73% short position. The total interests and short positions disclosed by Barclays in Dalata Hotel Group amount to 1.07% and 1.10%, respectively.
The dealings reported on Tuesday included both purchases and sales of Dalata Hotel Group’s ordinary shares, with individual transactions ranging from 57 to 18,694 shares at prices between EUR 5.1313 and EUR 5.1842. Moreover, the bank engaged in several cash-settled derivative transactions, specifically swaps, with varying effects on their short position.
Barclays’ disclosure did not indicate any indemnity or dealing arrangements that could serve as an inducement to deal or refrain from dealing in the securities of Dalata Hotel Group. Furthermore, there were no agreements, arrangements, or understandings related to options or derivatives concerning the voting rights of any relevant securities.
This disclosure is a routine regulatory filing and does not necessarily indicate a strategic move by Barclays. It is a transparent account of the bank’s dealings as required by the Irish Takeover Panel rules.
Investors and market observers often monitor such disclosures for insights into the trading behaviors of significant financial institutions during takeover periods. The information is based on a press release statement and is provided for informational purposes only.
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