Barclays reports stake in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) disclosed on Tuesday, March 28, 2025, a significant stake in Dalata Hotel Group PLC, a prominent hotel operator, in accordance with the Irish Takeover Panel’s regulatory requirements.

The disclosure, mandated under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, reveals that Barclays holds interests and short positions representing a notable portion of Dalata’s securities. Specifically, Barclays owns 1,559,746 ordinary shares, equating to a 0.74% interest, and has short positions totaling 1,011,167 shares, or 0.48%. Additionally, cash-settled derivatives held by Barclays amount to a 0.47% interest and a 0.75% short position.

The dealings that led to this disclosure occurred on Wednesday, March 27, 2025, involving numerous transactions in Dalata’s ordinary shares. These transactions included both purchases and sales at prices ranging from 5.3832 to 5.4884 EUR per share. Moreover, Barclays engaged in various cash-settled derivative transactions that adjusted their short positions.

Barclays has confirmed that it is not making disclosures about any other party related to the offer and has not entered into any indemnity or option arrangements that could serve as an inducement to deal or refrain from dealing in the relevant securities.

This information, based on a press release statement, is critical for investors monitoring the activities of major stakeholders during takeover scenarios, as it could affect the market dynamics and valuation of the involved companies. It is standard practice for entities holding or controlling 1% or more of a company’s relevant securities to make such disclosures during takeover periods to ensure transparency and fair trading.

Dalata Hotel Group PLC, the company in question, operates hotels primarily across Ireland and the United Kingdom (TADAWUL:4280). As of the date of disclosure, Barclays PLC (NYSE:BCS) has not indicated any further intentions regarding its holdings in Dalata Hotel Group PLC.

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