Barclays reports stake in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) has disclosed its shareholding and short positions in Dalata Hotel Group PLC, a company currently under the purview of the Irish Takeover Panel, following trading activities on Wednesday.

According to the disclosure, Barclays holds a combination of interests and short positions amounting to a total of 1.04% and 1.07% respectively in the Irish hotel operator’s 0.01 ordinary shares, identified by the ISIN IE00BJMZDW83. The positions disclosed are a result of transactions that include purchases and sales of Dalata’s shares, as well as cash-settled derivatives like SWAPs and CFDs.

The transactions took place amid the regulations of the Irish Takeover Panel Act, 1997, specifically under Rule 8.3, which requires parties holding interests in relevant securities representing 1% or more to disclose their position during a takeover period.

Barclays’ dealings in Dalata Hotel Group shares on Wednesday involved a mix of purchases and sales at prices ranging from 5.1400 to 5.2400 EUR per share. In derivatives, the bank engaged in SWAP transactions that resulted in both increasing and decreasing short positions, with unit prices for these derivatives transactions also falling within a similar price range.

The disclosure did not indicate any arrangements or understandings related to the voting rights of the securities, nor were there any indemnity or option arrangements that could be an inducement to deal or refrain from dealing in the relevant securities.

This information, based on a press release statement, is a regulatory requirement and provides transparency in the financial market, especially during sensitive periods like takeovers when the ownership and control of a company could potentially change hands.

Investors and market watchers often monitor such disclosures closely, as they can signal strategic movements by financial institutions like Barclays in the context of corporate takeovers and mergers. Dalata Hotel Group, as the subject of this disclosure, has not commented on the matter.

It is important to note that the disclosure of these positions does not necessarily imply any immediate changes in the operations or ownership of Dalata Hotel Group but serves as a regulatory insight into the trading activities of significant shareholders during a takeover period.

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