Barclays reports stake in Dalata Hotel Group amid takeover rules

Published 13/05/2025, 14:24
Barclays reports stake in Dalata Hotel Group amid takeover rules

LONDON - Barclays PLC (LON:BARC) disclosed on Monday, May 12, 2025, that it holds a combined total interest in Dalata Hotel Group PLC amounting to more than 1% of the company’s issued share capital, as per the requirements of the Irish Takeover Panel’s Rule 8.3. This announcement comes amidst the application of takeover rules, which necessitate public declarations of significant shareholdings during offer periods.

The disclosure reveals that Barclays has both interests and short positions in Dalata Hotel Group, with 1,583,311 shares (0.75%) held and 771,867 shares (0.36%) in short positions. Additionally, the bank holds cash-settled derivatives corresponding to 712,138 shares (0.34%) and short positions in derivatives of 1,593,528 shares (0.75%).

On the dealing front, Barclays engaged in multiple transactions involving Dalata Hotel Group’s 0.01 ordinary shares on May 12. The bank purchased and sold thousands of shares at prices ranging from 5.2700 to 5.3788 EUR. In terms of derivative transactions, Barclays reported several swap transactions, both increasing and decreasing short positions, with prices per unit also varying within a similar range.

The disclosure does not indicate any indemnity or option arrangements, nor any agreements or understandings related to the voting rights of the relevant securities under any option or derivative referenced.

This detailed position disclosure is a regulatory requirement and provides transparency in the market, particularly during periods of corporate activity such as takeovers. Barclays’ disclosure is based on a press release statement and is a routine part of market operations that ensures all market participants are informed about significant holdings that could influence corporate governance and control matters.

Dalata Hotel Group PLC, the company at the center of these disclosures, operates hotels primarily across Ireland and the United Kingdom (TADAWUL:4280). The information provided by Barclays PLC (NYSE:BCS) is a standard announcement and does not necessarily indicate any specific intention regarding Dalata Hotel Group’s operations or ownership.

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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